M&A Deal Summary

HieFo Acquires EMCORE - Chips business and wafer fabrication operations

On May 2, 2024, HieFo acquired semiconductors company EMCORE - Chips business and wafer fabrication operations from EMCORE for 3M USD

Acquisition Highlights
  • This is HieFo’s 1st transaction in the Semiconductors sector.
  • This is HieFo’s largest (disclosed) transaction.
  • This is HieFo’s 1st transaction in the United States.
  • This is HieFo’s 1st transaction in California.

M&A Deal Summary
Date 2024-05-02
Target EMCORE - Chips business and wafer fabrication operations
Sector Semiconductors
Buyer(s) HieFo
Sellers(s) EMCORE
Deal Type Divestiture
Deal Value 3M USD

Target

EMCORE - Chips business and wafer fabrication operations

Alhambra, California, United States
EMCORE's Chips business and wafer fabrication operations is a non-core discontinued Chips business line, including the assets used in our InP wafer fabrication operations in Alhambra, California, including without limitation equipment, contracts, intellectual property and inventory.

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Buyer(S) 1

Buyer

HieFo

Delaware, United States
Category Company
Sector Semiconductors
DESCRIPTION

HieFo focus on development and commercialization of high-efficiency photonic devices for optical communication industries. HieFo is based in Delaware.

DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

EMCORE

Alhambra, California, United States
Category Company
Founded 1984
Sector Semiconductors
Employees350
Revenue 98M USD (2023)
DESCRIPTION

EMCORE is a provider of compound semiconductor-based products for the fiber optics markets. EMCORE’s Fiber Optics business segment provides optical components, subsystems and systems for high-speed telecommunications, Cable Television (CATV) and Fiber-To-The-Premise (FTTP) networks, as well as products for satellite communications, video transport and specialty photonics technologies for defense and homeland security applications. EMCORE was founded in 1984 and is based in Alhambra, California.

DEAL STATS #
Overall 3 of 3
Sector (Semiconductors) 1 of 1
Type (Divestiture) 3 of 3
State (California) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
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Melbourne, Florida, United States

L3Harris Technologies's Space & Navigation Business designs and builds Navigation products.

Buy $5M
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