Lucent Eyes High-Speed Chip Market
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Taking another step in an attempt to keep up with fast-moving Cisco Systems Inc., Lucent Technologies Thursday made a buy that will add high-speed chips for packet-based networks to its product line.
Lucent will take an unspecified one-time charge in conjunction with the purchase, which is expected to close by June 30.
Lucent said Agere's chip line will enable network equipment makers to include new features to switches and routers without raising manufacturing costs. Agere also has technology that allows communications providers to add features to existing equipment on the fly, reducing development and deployment costs.
"We expect Lucent and Agere's combined expertise in network processors will enable us to deliver next-generation capabilities this year," he said.
Agere's staff will become employees of Lucent's network and communications unit but will remain based in Agere's Austin, Texas, headquarters.