Cisco to acquire silicon photonics chip maker Luxtera for $660mn

Cisco has announced plans to acquire Luxtera, a silicon photonics firm, for $660 million. The acquisition will integrate Luxtera's technology into Cisco's networking portfolio and is expected to close in Q3 of Cisco's financial year.

“Cisco has announced that it plans to acquire silicon photonics firm, Luxtera, in a deal worth $660mn.”technologymagazine.com

• 1 source
• technologymagazine.comCisco places $600mn bid on silicon photonics chip maker Luxtera | Technology MagazineLaura MullanMay 17, 2020

Summarized from public sources; check the original articles before acting on it.