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  Date: 27/01/2013

NeoPhotonics acquires semiconductor optical biz of LAPIS Semiconductor

NeoPhotonics Corporation has entered into a definitive agreement to acquire the semiconductor optical components business unit (OCU) of LAPIS Semiconductor Co., Ltd. LAPIS Semiconductor is a wholly-owned subsidiary of ROHM Co. Ltd. OCU is to be acquired by NeoPhotonics Semiconductor GK, a Japanese subsidiary of NeoPhotonics.

“We are excited about signing this definitive acquisition agreement as LAPIS Semiconductor OCU is a leading provider of high speed devices for communications,” said Tim Jenks, NeoPhotonics Chairman and CEO. “LAPIS Semiconductor OCU provides a broad range of lasers, drivers, and detectors for high speed 100G applications. We believe the company’s technologies are well-suited for data rates in optical networks beyond 100G as well. We also believe this acquisition can enhance our ability to provide customers with innovative and technologically advanced optical communication products, which can benefit our customers as they strive to accelerate the delivery of scalable high speed and high bandwidth connectivity.

“The transaction is a natural step in the relationship between NeoPhotonics and LAPIS Semiconductor OCU, as the businesses have been collaborating closely on high speed coherent technology development for the past four years. Further we plan to leverage our existing sales channels after the acquisition, as the two businesses serve many common customers. The transaction will provide NeoPhotonics with revenue from OCU’s advanced lasers and drivers used in many of today’s 100G client-side data transmission modules,” concluded Mr. Jenks.

NeoPhotonics Semiconductor GK, an indirect wholly-owned subsidiary of NeoPhotonics Corporation, has agreed to pay approximately $36.8 million in cash, which is comprised of approximately $21.2 million in cash, before adjustments for the business unit and an additional $15.6 million over three years for the associated real estate. The acquisition agreements provide for the purchase of the LAPIS Semiconductor OCU business, together with a portfolio of more than 150 patents and patents applications, its campus and high speed semiconductor and laser and detector fabrication facility.
Author: Srinivasa Reddy N
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