· Nokia (NOK) acquires the silicon photonics technology company for undisclosed terms.
· Nokia says Elenion’s design platform will reduce product costs by simplifying and scaling the optical supply chain.
· The acquisition of the key tech and commercial assets will also broaden Nokia’s TAM, according to the company.
· The deal is expected to close in Q1.
· NOK shares are down 0.9% pre-market to $4.21.
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