Semtech has divested itself of its video optical module product line. The company said it had sold the business to video equipment maker Embrionix, a privately held concern headquartered in Quebec.
In the press release announcing the move, Semtech intimated that this is probably the start of a tighter relationship between the two companies, saying that it "sets the foundation for ongoing cooperation on future products."
Semtech said it didn't consider video optical module goods to be part of its core business.
Neither the terms nor the price of the deal was disclosed in the press release.
The article Semtech Sells Product Line to Embrionix originally appeared on Fool.com.
Fool contributor Eric Volkman and The Motley Fool have no position in Semtech. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.