Intel sells off optical components unit
Following in the footsteps of Intel's XScale and telecommunications units, the company's optical components business is the latest to hit the auction block. Intel has sold the unit to communications company Cortina Systems for $115 million in the form of both cash and a minority investment position. The optical components unit includes a "broad selection" of Intel's media access controllers (MACs) and physical layer devices (PHYs) as well as all of the company's transport and service framers, optical transport forward error correction framers, and T1/E1 line interface products. Intel doesn't say how many employees will be picked up by Cortina or let go altogether, but the acquisition will likely play into Intel's recently-announced plan to cut 10,500 of its staff by the middle of next year.