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.Read full articleRelated content from Photonics MediaArticlesIntegration Method Efficiently Couples III-V with SiliconIn the past decades, data traffic has grown exponentially driven by emerging technologies. The field of integrated circuits has enabled that growth, making electronic devices smaller and faster. 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