Volex buys active optical technology from Applied Micro Circuits

Volex has acquired active optical technology from Applied Micro Circuits Corporation for 2 million dollars, the company announced Tuesday.

Volex has acquired active optical technology from Applied Micro Circuits Corporation for 2 million dollars, the company announced Tuesday.

Volex - a provider of electrical, digital and optical connections - said Applied Micro agreed to a five-year non-compete for the marketing and sale of active optical cables, transceivers, modules and related assemblies.

They will share ownership of the associated active optical patent portfolio, allowing each company to develop the technologies.

Applied Micro - which focuses in computing and connectivity solutions - has been developing the technology for three years. The company said it had to overcome the cost and complexity of the project.

George Jones, Vice President of marketing and business development for connectivity solutions at AppliedMicro, said: "We chose Volex to take the platform forward due to its strong focus on the active optical cable space and extensive customer relationships in data-centre markets.

"We look forward to working with Volex as it accelerates and furthers the development of the technology and manufacturing of an innovative product set to complement our own initiatives in semiconductor technology and networking."

The transaction will help Volex enter into the emerging multi-billion dollar optical interconnect market for high-speed data applications in data centres, telecommunications, healthcare, consumer and industrial markets.

Volex Chief Executive Officer, Ray Walsh, said: "Our data-centre and telecommunications customers have been asking for a cost-effective high speed optical solution to replace legacy copper interconnects.

"The technology and expertise we have acquired from Applied Micro will provide Volex with a unique platform to develop and deliver reliable, low-power, competitive active optical solutions, including active optical cables and transceivers, into all of our sectors.

"The joint ownership of the patent portfolio will provide a foundation for a continuing close cooperation with Applied Micro in product development, sales and marketing activities."

RD

Recommended

How to profit from India’s high-tech recovery
Share tips

How to profit from India’s high-tech recovery

Professional investor David Cornell of the India Capital Growth Fund, selects three of his favourite Indian stocks to buy now.
27 Sep 2021
Share tips of the week – 24 September
Share tips

Share tips of the week – 24 September

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
24 Sep 2021
Three strong Asian stocks trading at bargain prices
Share tips

Three strong Asian stocks trading at bargain prices

Professional investor Nitin Bajaj of the Fidelity Asian Values investment trust picks three stocks that dominate their industries, earn good returns o…
20 Sep 2021
Why it pays to face up to your investment mistakes
Investment strategy

Why it pays to face up to your investment mistakes

Buying stocks can be a complicated business. But selling stocks can be tricky, too – even if you sell for the right reasons. Max King explains how to …
17 Sep 2021

Most Popular

A nightmare 1970s scenario for investors is edging closer
Investment strategy

A nightmare 1970s scenario for investors is edging closer

Inflation need not be a worry unless it is driven by labour market shortages. Unfortunately, writes macroeconomist Philip Pilkington, that’s exactly w…
17 Sep 2021
Two shipping funds to buy for steady income
Investment trusts

Two shipping funds to buy for steady income

Returns from owning ships are volatile, but these two investment trusts are trying to make the sector less risky.
7 Sep 2021
What really causes inflation? Here’s what prices since 1970 tell us
Inflation

What really causes inflation? Here’s what prices since 1970 tell us

As UK inflation hits 3.2%, Dominic Frisby compares the cost of living 50 years ago with that of today, and explains how debt drives prices higher.
15 Sep 2021