Tokyo Electron is set to exit optical transceiver producer Luxtera after Cisco has confirmed it intends to pay $660m to buy the company.

Networking technology supplier Cisco confirmed yesterday that it is set to acquire US-based fabless semiconductor maker Lutxera in a $660m deal, giving electronics producer Tokyo Electron an exit. Luxtera manufactures optical transceivers made with silicon photonics for use in data centres and service providers, enhancing performance and reducing cost. Cisco will integrate the company‚Äôs technology…

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