SANTA CLARA, Calif., May 24 -- Intel Corp. said that it had bought a laser technology business from New Focus Inc. for $50 million in cash. Intel said the deal would help it develop cheaper and smaller optical transceivers.
As part of the transaction, about 40 employees from New Focus will join Intel. The move is part of a broader strategy at Intel to turn its communications business into a powerhouse resembling its microprocessor business.