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Kopin to Sell III-V Assets to IQE for $75M
(Benzinga Lightning Feed Via Acquire Media NewsEdge)
Kopin Corporation (NASDAQ: KOPN) today announced that it had entered
into an agreement to sell its III-V assets to IQE plc (LSE: IQE), a
leading UK-based designer and supplier of advanced semiconductor wafers.
The all-cash, $75 million transaction will enable Kopin to focus
exclusively on continued commercial development of Golden-i®,
the Company's mobile communications technology platform, as well as on
its microdisplay products. The closing of the transaction is expected to
occur next week and is subject to customary closing conditions.
Kopin began producing III-V HBTs (heterojunction bipolar transistors) on
gallium arsenide substrates in 1996. These products are part of advanced
integrated circuits that are used in smartphones and other mobile
communications devices. The Company's
See full press release
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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