Intel Acquiring Three Optical Networking Companies
"The optical networking equipment industry is now segmenting in a way that requires unique solutions for different market segments," Intel said in a statement. "Our communications equipment customers are asking us to integrate high-speed electronic and photonic components into cost-effective building blocks that help them reduce time to market."
Shares of Intel were off 34 cents, or 1.1%, to $29.98 in recent Nasdaq trading.
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