EMCORE Corporation announced a definitive agreement with Intel Corporation to acquire the enterprise and storage assets of Intel's Optical Platform Division as well as the Intel Connects Cables business. EMCORE will issue 3.7 million shares of restricted stock for the acquisition, with certain adjustments based on EMCORE's stock price twelve months after the closing of the transaction. The assets include intellectual property, inventory, fixed assets and technology relating to optical transceivers for enterprise and storage customers, as well as optical cable interconnects for high-performance computing clusters. The transaction is expected to close in the second quarter of this year.