Rumors suggest impending sale of Agilent semiconductor group
Agilent is reportedly looking for a buyer for its semiconductor group, which includes its LED business and its share in Lumileds.
As well as including Agilent's LED business, the group also has a stake in Lumileds Lighting, the joint venture with Philips Lighting that produces high-brightness LEDs.
Agilent refused to comment on the rumors, although the company's CFO recently described the SPG as non-core, compared with Agilent's life sciences and test & measurement divisions.
The sales could raise $1.5-2.0 billion. In the quarter ended April 30, 2005, the SPG reported revenue of $414 million and an operating profit of $12 million, down from $457 million in revenue and $50 million in profit in the year-ago quarter.