Chip Company Sells Plant

Optical Communication Products Inc. said today that it has sold the assets related to one of its business segments to The Furukawa Electric Co. The cash transaction, which includes certain licensing rights granted to Furukawa, totals $1 million, the company said. The Woodland Hills-based semiconductor company had previously announced that it decided to cease operations at its Broomfield, Colo. facility and sell off the assets of that operation. The facility was engaged in the research and design of fiber optic communication networks using VCSEL technology. Pricing for the equipment that utilizes the technology have decreased, and the technology was no longer cost-effective, the company said. Optical Communication Products said the revenues from its Broomfield operation were not significant.