Broadcom Inc. (NasdaqGS:AVGO) acquired Optical transceiver assets of FIT Hon Teng Limited (SEHK:6088) on November 15, 2019. Following the completion of the transaction, Broadcom will combine the former Foxconn assets with those of its existing Fiber Optics Product Division to form a new business unit, the Optical Systems Division. Alexis Björlin will lead the division.

Broadcom Inc. (NasdaqGS:AVGO) completed the acquisition of Optical transceiver assets of FIT Hon Teng Limited (SEHK:6088) on November 15, 2019.