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Message: II-VI Inc sells certain RF assets of Anadigics for $45m

I know this was brought up last week, but this article was dated June 15th. I found the last line interesting.

http://www.semiconductor-today.com/news_items/2016/jun/iivi_150616.shtml

"The Anadigics RF assets have been sold for $45m in cash plus a $5m earn-out over 18 months (conditional on certain performance levels), coupled with various support and multi-year wafer processing supply agreements with the purchaser. II-VI intends to use the retained Anadigics GaAs fab for fabricating optoelectronics components such as vertical-cavity surface-emitting lasers (VCSELs).

II-VI notes that, as the total addressable market (TAM) for VCSELs is forecasted to grow from $0.8bn in 2015 to $2bn by 2020, it is ramping up its optoelectronics manufacturing capacity, with significant volume expected in second-half 2017."

Bold is mine.

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