Cisco announced it has completed the acquisition of privately-held Luxtera, Inc, a semiconductor company that uses silicon photonics to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers. Cisco plans to incorporate Luxtera's technology across its intent-based networking portfolio, spanning enterprise, data center and service provider markets.
Cisco paid $660 million in cash and assumed equity awards for the acquisition of Luxtera.
"Cisco issued a call to governments and citizens around the world to establish privacy as a fundamental human right in the digital economy. Today, connectivity and technology have become the foundation for peoples' economic, social, and cultural opportunities. With IoT, 5G, and AI promising to soon reshape how we interact with technology, Cisco is urging governments to adopt comprehensive and interoperable data protection laws to secure that right.
To start, Cisco is calling on the U.S. government to develop a US federal privacy law that assures customers their data is protected. The American system should not just look to solve for today's privacy discussions around monetization of customer data; it should aim to solve for the complex privacy needs of a world where tens of billions of devices are connected to the internet..."