AppliedMicro Sells TPACK Subsidiary to Altera
SUNNYVALE, CA -- (Marketwired) -- 04/15/13 -- Applied Micro Circuits
Corporation (NASDAQ: AMCC), also known as AppliedMicro, today
announced it has signed a definitive agreement to sell TPACK A/S, a
wholly-owned subsidiary based in Copenhagen Denmark, to Altera
Corporation. TPACK delivers complete FPGA-based OTN (optical
transport network) products targeting packet and optical networking
The transaction is expected to close later this month, subject to
standard closing conditions and other terms set forth in the
agreement. AppliedMicro will retain license rights to TPACK
technology following the divestiture.
In addition, AppliedMicro and Altera today announced in a joint press
release their entry into a strategic cooperation engagement aiming to
couple Altera Stratix FPGAs with AppliedMicro X-Gene(TM) Server on a
Chip(TM) offerings to create new data-center products.
Applied Micro Circuits Corporation is a global
leader in computing and connectivity solutions for next-generation
cloud infrastructure and data centers. AppliedMicro delivers silicon
solutions that dramatically lower total cost of ownership. Corporate
headquarters are located in Sunnyvale, California. www.apm.com.
Applied Micro Circuits Corporation, AMCC, AppliedMicro, X-Gene and
Server on a Chip are trademarks or registered trademarks of Applied
Micro Circuits Corporation. All other product or service names are
the property of their respective owners.
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