JDS Uniphase Corp., a telecommunications equipment manufacturer, announces that it...

JDS Uniphase Corp., a telecommunications equipment manufacturer, announces that it reached an agreement to acquire Cronos Integrated Microsystems Inc. for $750 million in stock. The company aims to expand its capabilities in the field of optical networking as the demand for high-speed internet and data services continues to grow. Cronos Integrated Microsystems is a leading provider of optical networking components and subsystems. The acquisition will enable JDS Uniphase to enhance its product offerings and expand its customer base. Furthermore, the acquisition will increase JDS Uniphase's research and development capabilities, particularly in the areas of micro electromechanical systems (MEMS) and photonic integrated circuits (PICs).

Monday, 3 April, 2000