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home / news releases / EMKR - EMCORE to sell its non-strategic product lines

EMKR - EMCORE to sell its non-strategic product lines

EMCORE Corporation

2023-08-08 10:05:18 ET

  • EMCORE Corp ( NASDAQ: EMKR ) announced on Tuesday the execution of a non-binding letter of intent for the sale the Defense Optoelectronics product line and all Broadband segment product lines except chips to Photonics Foundries.
  • "Given this anticipated sale, EMCORE now expects last-time buy revenue from business lines included in our April 21, 2023 restructuring announcement to aggregate approximately $6 million," said EMKR.
  • EMKR added the deal does not include its chip business or wafer fab assets.
  • Press Release

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EMCORE to sell its non-strategic product lines
Stock Information
Company Name: EMCORE Corporation
Stock Symbol: EMKR
Market: NASDAQ
Website: emcore.com
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