Agere Systems

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Agere Systems, Inc.
Type of Company	Public (NYSE: AGR)
Founded	spun-off from Lucent Technologies on June 1, 2002
Headquarters	Allentown, Pennsylvania, USA
Key people	Richard L. Clemmer, President & CEO Peter Kelly, Chief Financial Officer Jean F. Rankin, Executive Vice President
Industry	Semiconductor-Integrated Circuits
Products	Integrated Circuits
Revenue	$1.676 Billion (2005)
Net income	-$8.00 Million (2005)
Employees	6,200 (2005)
Website	www.agere.com

Agere Systems Inc. is an integrated circuit components company based in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States.

Agere was incorporated on August 1, 2000 as a subsidiary of Lucent Technologies and then spun-off on June 1, 2002. The name Agere was that of a Texas-based electronics company that Lucent had acquired in 2000, although the pronunciations of the company names are different. The Texas company was pronounced with three syllables and a soft "g": A-jeer-ree. The current company name is pronounced with two syllables and a hard "g": A-gear.

The company also maintains an India office in Whitefield, India, located in the Bangalore section of the country, which is involved in ASIC design and software development.

The company also maintains an Israel office located in Raanana. This office is based on Modem-Art a developer of advanced processor technology for 3G/UMTS mobile devices which Agere has acquired in 2005.

[edit] Merger With LSI Logic

This article documents a current event. Information may change rapidly as the event progresses.

On December 3, 2006, LSI announced that it would purchase Agere in a stock transaction valued at $4 billion[1].

[edit] External links

• Agere Systems Official Web Site.
• Agere Systems press release regarding the company's name.
• Agere Systems profile at Yahoo!.