Alcatel has entered into a binding agreement to divest its optical components business to Avanex in a stock-for-stock transaction. This business will include key operations based in Nozay, France and Livingston, UK.

Alcatel has entered into a binding agreement to divest its optical components business to Avanex in a stock-for-stock transaction. This business will include key operations based in Nozay, France and Livingston, UK.

As part of this transaction, Avanex is also acquiring certain assets of Corning's photonics activities. Alcatel will hold 28% of the combined entity.

The combined transaction is valued at $ 63.5mn. Alcatel Optronics will bring a cash contribution of $ 110mn, the majority of which will pertain to restructuring, to be finalised at closing.

Avanex and Alcatel have also entered into a supply agreement wherein Avanex will provide solutions for Alcatel's optical networking products over a three-year period. This transaction, which will be presented to Alcatel employee representatives, is subject to the approval of Avanex shareholders and to customary regulatory approvals and is expected to close by September 30, 2003.

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

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