Home INTC Jabil Inc. takes over Intel’s silicon photonics product lines By Investing.com

Jabil Inc. takes over Intel’s silicon photonics product lines By Investing.com

by Hataf Finance
3 minutes read

Global solutions provider Jabil Inc. has announced its acquisition of the manufacturing and sales operations of Intel’s Silicon Photonics-based pluggable optical transceiver product lines, a move that includes the development of future iterations of these products. This recent announcement solidifies Jabil’s position within the data center industry, particularly in areas such as hyperscale, next-wave clouds, and AI cloud data centers.

Jabil’s photonics business unit, known for offering comprehensive photonics solutions like component design, system assembly, and streamlined supply chain management, is expected to benefit significantly from this acquisition. The company’s Senior VP Matt Crowley highlighted their Design-to-Dust™ capabilities and commitment to data center infrastructure services and liquid cooling technologies. These initiatives are designed to support customers in integrating innovative technologies into their data centers to meet the increasing power and cooling demands propelled by AI advancements.

Intel (NASDAQ:INTC)’s Chief Strategy Officer, Safroadu Yeboah-Amankwah, expressed support for the agreement and anticipates a smooth transition as Intel refocuses on silicon photonics components for both existing markets and emerging applications. He acknowledged Jabil as a world-class supplier with global product management expertise and a commitment to positively impacting their local community. The company’s strengths are driven by a common purpose across its 250,000 employees in 100 locations globally.

The acquisition not only strengthens Jabil’s position in the data center value chain but also underscores its commitment to supporting customers as they integrate cutting-edge technologies into their data centers.

h2 InvestingPro Insights/h2

As we delve into the data-rich perspective of InvestingPro, it is noteworthy that Intel (INTC) has consistently raised its dividend for 32 consecutive years, indicating a strong commitment to rewarding shareholders. This is complemented by the fact that 26 analysts have revised their earnings upwards for the upcoming period, suggesting a positive market sentiment towards the company’s financial performance.

On the data front, Intel’s market capitalization stands at a robust 150.47B USD. The company’s revenue for the last twelve months as of Q3 2023 is 52.86B USD, showcasing its significant market presence. However, the P/E Ratio (Adjusted) for the same period is 282.46, indicating a high valuation.

For a more comprehensive understanding of Intel’s financial performance and to access additional InvestingPro Tips, consider subscribing to InvestingPro’s premium services. With over 200+ additional tips available, it’s a treasure trove of insights for any serious investor. To learn more, click here.

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