Lucent Technologies Inc has continued to streamline its operations with the sale of two of its telecommunications components operations to MIC Technology Corp, a subsidiary of electronic systems and components manufacturer Aeroflex Inc. Under the deal, MIC will acquire equipment and stock as well as licenses for technology and patents needed to manufacture multichip modules (MCMs) and film integrated circuits (FICs). The two companies have also signed a long-term supply agreement. MIC will provide Lucent with film integrated circuits, which are used in communication applications. According to Lucent, the units produce components of components and off-loading them will enable it to focus on its core business of communications systems. Lucent says there will be no layoffs as a result of the agreements, which come into effect on July 1. The two companies will co-manufacture the contracted products at Lucent’s facility until the end of the year when MIC will take on the work at its own site. Financial terms of the deal have not been disclosed. Last week, Lucent passed over control of its consumer products division to Philips NV (CI No 3,184).
Content from our partners
