Cosemi Technologies Inc. today completed the sale of its photodetector chip business to Avago Technologies. As part of the transaction, Avago and Cosemi entered into a supply agreement whereby Cosemi has access to these photodetectors and other essential semiconductor components, such as lasers. The supply agreement enables Cosemi to achieve the widespread deployment of high-speed photonic connections to a broader audience and greater range of applications – including consumer and the data center markets.
The sale ensures that Cosemi’s unique fabless photodetector technology will have optimum reach and scale. Additionally, this transaction enables Cosemi to focus on its differentiated and growing active optical cables (AOCs) business, making them available to a broad audience that crosses many market segments.
“This marks a very exciting time in our history and we’re pleased this transaction will take our photodetector business to new heights,” said Dr. Nguyen X. Nguyen, CEO for Cosemi. “Our photodetector technology platform and products are synonymous with 10G, 40G, and now 100G datacom and telecom optical modules globally, and our customers will benefit from sourcing the very same solutions from a large, established and broad-line supplier. The opportunities for our OptoHD AOCs are endless, and this agreement enables us to focus on this burgeoning market to make our vision a reality, while simultaneously opening the growth potential of our photodetector business.”