Looks like the leading PC chip maker, Intel Corp., is continuing with cleaning house and getting rid of non-core, non-PC businesses. They are selling their fiber optic component business to chip maker Emcore for about $85 million. Intel had previously sold its communications chip business to Cortina Systems.
This is not such a bad deal for Emcore, since the division sold by Intel has customers like Fujitsu and Alcatel-Lucent. Tunables are amongst the fast-growing parts of the fiber ecosystem. Tim Savageaux of Merriman Curhan Ford, a brokerage firm, believes that with this deal, Emcore could split its solar and chips businesses into two distinct companies.
