Post-Broadcom acquisition, Avago sells optical modules unit to Foxconn

Oct. 6, 2015
Though its acquisitions have received more attention, Avago hasn't been shy about shedding assets along the way.

Fresh off its acquistion of Broadcom, Avago Technologies Ltd. (NASDAQ: AVGO) is reportedly selling its optical module unit to contract manufacturing giant Foxconn for an as yet-undisclosed sum.

Over 900 Avago employees will join Foxconn, reports SeekingAlpha. The new deal comes two years after Avago bought optical component maker CyOptics for $400 million; under its terms, Avago will hold onto its optical component business, and serve as Foxconn's exclusive optical component supplier.

SeekingAlpha notes that "though its acquisitions (CyOptics, LSI, PLX, Emulex, and soon Broadcom) have received more attention, Avago hasn't been shy about selling assets along the way."

Last year, Avago sold its flash storage module/controller chip business to Seagate for $450 million, and its Axxia network processor unit to Intel for $650 million.

Related:Avago releases 40G BiDi MMF QSFP+ transceiver for data centers, cloud infrastructure

Sponsored Recommendations

imVision® - Industry's Leading Automated Infrastructure Management (AIM) Solution

May 29, 2024
It's hard to manage what you can't see. Read more about how you can get visiability into your connected environment.

Adapt to higher fiber counts

May 29, 2024
Learn more on how new innovations help Data Centers adapt to higher fiber counts.

Going the Distance with Copper

May 29, 2024
CommScopes newest SYSTIMAX 2.0 copper solution is ready to run the distanceand then some.