NeoPhotonics Corporation, a designer/manufacturer of photonic integrated circuit (PIC)-based modules and subsystems for bandwidth-intensive, high-speed communications networks, concluded its acquisition of the semiconductor optical components business unit (OCU) of Lapis Semiconductor Co. Ltd., which deals in high-speed lasers, laser drivers, photodiodes and amplifiers for high-speed networks. NeoPhotonics paid approximately $10.2 million in cash for the business, and approximately $3.7 million in cash as the first of four equal payments for the associated real estate. Including the future payments for real estate, the total purchase price is approximately $35.2 million.

The Daily


Sinclair Snags NHL Deal

With Sinclair on a mission to shore up a DTC streaming service, the company said it has reached a multi-year renewal with the NHL that includes the right for Bally Sports RSNs to stream live games on an

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