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Lumentum agreed to sell certain optical transceiver product lines developed by its subsidiary Oclaro Japan to Cambridge Industries Group (CIG). The transaction includes a long-term strategic supply agreement for Lumentum's photonic chips and is expected to close in Q2 2019.
“This transaction enables Lumentum to become more commercially focused on its differentiated Indium Phosphide photonic chip capabilities and brings a new customer that is well positioned to compete in the datacom transceiver market.”investor.lumentum.com
Summarized from public sources; check the original articles before acting on it.