Cisco to Pay $660M for Luxtera, Maker of Advanced Data Center Chips

Cisco has agreed to pay $660 million for Luxtera, a Caltech spinout that makes optical chips for data centers. The semiconductor company, founded in 2001, is based in Carlsbad, CA, a San Diego suburb. Cisco, the San Jose, CA-based tech giant (NASDAQ: CSCO), said Tuesday that Luxtera?s advanced chips will help it offer its customers [?]