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Ensphere Solutions, maker of fabless semiconductor equipment for optical interfaces, has raised $4 million from Egyptian venture capital fund Ideavelopers. Based in Santa Clara, Calif., the company is supplying tranceivers for Intel’s Light Peak technology — a new interconnect technology designed to transmit data at a lightning rate of 10 gigabytes per second. Intel says it could reach up to 100 gigabytes per second in the next ten years.

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