"This transaction is one of the substantive structural changes we announced we would make in the second half of 2013 as we continue to refine our focus on our differentiated MEMS-related technologies," stated Thomas Lacey, interim CEO of Tessera Technologies, Inc. "I would like to thank the Micro-Optics employees for their contributions and efforts and believe this transaction is the right step forward for the future of that business."
In Q4 2012 Tessera announced that its Micro-Optics business was no longer part of its long-term strategy, and that it was exploring strategic alternatives for this business. In Q2 2013, the company actively pursued a sale of this business and started classifying the business as discontinued operations.
The Micro-Optics operation used to design and manufacture lens for smartphone cameras and, according to some sources, structured light projector diffraction optics for the old Kinect (other sources deny that). Reportedly, a part of the people at Charlotte facility has been laid off before the sale.
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| Micro-Optics Division Applications |
