Luxtera

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.

Networking technology supplier Cisco confirmed it intends to acquire US-based fabless semiconductor maker Luxtera in a $660 million deal, integrating its silicon photonics optical transceivers into Cisco's product range.