Applied Optoelectronics to sell manufacturing facilities in China in $150M deal

applied-optoelectronics-to-sell-manufacturing-facilities-in-china-in-$150m-deal

“After careful consideration, we concluded that it is in the best interest of the company and our shareholders for AOI to exit the transceiver market and focus our resources on our CATV business and manufacturing lasers and laser components for the datacenter, CATV, telecom, and FTTH markets,” said Thompson Lin, founder, president and CEO of Applied Optoelectronics. “Further, we believe that this transaction opens up new opportunities for customer expansion with our existing datacenter laser business, which has a large addressable market.”