Emcore adds 10G Ethernet transceivers to portfolio
In January 2003, Emcore acquired Agere’s West Coast operations giving it better access to the market for cable TV, telecom access and satellite communication products.
As part of the agreement, approximately 17 Molex employees will join Emcore. The business will become a part of Emcore s fiber-optics division and will initially continue to operate in a portion of Molex s Downers Grove facility to be leased by Emcore.
The market for 10G Ethernet products has been slow to take off, but is expected to expand significantly in the near term. According to Strategies Unlimited, a market research firm, the market for 10G transceivers operating at 1310 nm will grow 66% per year, to over $380 million by 2007.
"We are very excited about this acquisition and the growth opportunities it creates for our company," said Reuben Richards, president and CEO of Emcore. "We believe that this acquisition puts Emcore at the forefront of transceiver technology for 10 Gigabit Ethernet. Molex s 10G Ethernet transceiver product complements Emcore s internal capabilities and strategy for growing its fiber-optics business and gives Emcore a significant competitive advantage and the most complete 10G Ethernet transceiver product portfolio."
