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AppliedMicro Sells TPACK Subsidiary to Altera

Companies mentioned in this article: AppliedMicro

SUNNYVALE, CA -- (Marketwired) -- 04/15/13 -- Applied Micro Circuits Corporation (NASDAQ: AMCC), also known as AppliedMicro, today announced it has signed a definitive agreement to sell TPACK A/S, a wholly-owned subsidiary based in Copenhagen Denmark, to Altera Corporation. TPACK delivers complete FPGA-based OTN (optical transport network) products targeting packet and optical networking equipment suppliers.

The transaction is expected to close later this month, subject to standard closing conditions and other terms set forth in the agreement. AppliedMicro will retain license rights to TPACK technology following the divestiture.

In addition, AppliedMicro and Altera today announced in a joint press release their entry into a strategic cooperation engagement aiming to couple Altera Stratix FPGAs with AppliedMicro X-Gene™ Server on a Chip™ offerings to create new data-center products.

About AppliedMicro
Applied Micro Circuits Corporation is a global leader in computing and connectivity solutions for next-generation cloud infrastructure and data centers. AppliedMicro delivers silicon solutions that dramatically lower total cost of ownership. Corporate headquarters are located in Sunnyvale, California. www.apm.com.

Applied Micro Circuits Corporation, AMCC, AppliedMicro, X-Gene and Server on a Chip are trademarks or registered trademarks of Applied Micro Circuits Corporation. All other product or service names are the property of their respective owners.

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