TriQuint completes Agere opto acquisition

Jan. 3, 2003 — TriQuint Semiconductor Inc., a Hillsboro, Ore., supplier of communications components, has completed its acquisition of a portion of Allentown, Pa., Agere Systems Inc.’s optoelectronics business, according to a news release.

The deal, for $40 million in cash, includes products, technology and some facilities related to Agere’s optoelectronics business in active and passive components, amplifiers, transceivers, transponders and MEMS. TriQuint estimated in the release that the Agere business will have revenue between $50 million and $75 million for calendar year 2003. Approximately 340 Agere employees in Pennsylvania and Matamoros, Mexico, will join TriQuint.


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