Cisco has announced the intent to acquire privately-held Luxtera, a semiconductor company based in Carlsbad, Calif. that uses silicon photonics to build integrated optics capabilities.

Cisco will pay $660 million in cash and assumed equity awards for the acquisition of Luxtera. The acquisition is expected to close in the third quarter of Cisco’s fiscal year 2019, subject to customary closing conditions and required regulatory approvals.

In a statement, Cisco said it plans to incorporate Luxtera’s technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets. 

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[Image courtesy: Luxtera]