Emcore to Purchase Intel Segments

Emcore Corp. of Santa Clara, Calif., a provider of compound semiconductor-based components and subsystems for the satellite and terrestrial solar power markets, has announced an agreement with Intel Corp. of Albuquerque, N.M., to acquire the enterprise and storage assets of Intel’s optical platform division and the Connects Cables business. The California-based company will issue 3.7 million shares — worth slightly less than $28 million — of restricted stock for the transaction, which is expected to close in the second quarter of this year.