Wednesday, February 15, 2017

Cosemi Sells Off Business Unit To Avago

Irvine-based Cosemi Technologies has sold off its photodetector chip business to Avago Technologies, and is refocusing its business on "active optical cables", the company said over the last few weeks. Financial terms of the sale were not announced. Avago is a unit of Broadcom Ltd. Cosemi said the deal also includes a supply agreement, where Avago will continue to supply it with photo detectors and other essential semiconductor components, such as lasers, for its products. Cosemi said its active optical cables (AOCs) are aimed at use in automotive, augmented and virtual reality, consumer, enterprise, and data center applications.