Tuesday, March 20, 2012

Oclaro to Transfer Optical Assembly from Shenzhen to Malaysia

Oclaro announced a deal with Venture Corporation Limited to transfer Oclaro's Shenzhen, China, final assembly and test operations to Venture's Malaysia facility in a phased and gradual transfer of products over the next three years. The transfer will occur over a three-year period.

"Today's announcement is a significant milestone in Oclaro's strategy to adopt an outsourced back-end manufacturing model, focus on our core competencies and position the company to scale," said Alain Couder, chairman and CEO of Oclaro.