II-VI acquisition of Epiworks and Anadigics expands semiconductor laser offering

EpiWorks, a compound semiconductor wafer company has entered into a definitive agreement to merge with II-VI Incorporated. II-VI (Nasdaq: IIVI) is focused on providing engineered materials, including ZnSe, ZnS and SiC, while EpiWorks specializes in GaAs and InP materials. "Demand for high-performance semiconductor solutions used in communications, datacenter, cloud and advanced sensor applications continues to increase. By merging with II-VI, EpiWorks has access to substantial expansion capital, a global footprint and sales support around the world. This will allow us to rapidly deploy our technology to the market and increase our market penetration." said David Ahmari, who will remain responsible for EpiWorks' sales, marketing and technology.