LSI Corporation
From Wikipedia, the free encyclopedia
| LSI Corporation | |
 |
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| Type | Public (NYSE: LSI) |
|---|---|
| Founded | 1981 |
| Headquarters | Milpitas, California, USA |
| Key people | Abhi Talwalkar, President and CEO |
| Industry | Semiconductors, Storage, Networking |
| Revenue | $1.98 Billion USD (2006) |
| Employees | 4,010 (2006) |
| Website | www.lsi.com |
LSI was founded in Milpitas, CA by Wilfred Corrigan in 1981 after he left an executive position with Fairchild Semiconductor. The company was started with $6 million of venture capital and utilized excess capacity at Toshiba for manufacturing, an early example of the fabless semiconductor manufacturing model. In 1998 it bought Symbios Logic from Hyundai. It is often recognized as a pioneer of the ASIC market and in 2006 celebrated its 25th year of business.
On April 2, 2007, LSI completed it's merger with Agere Corporation, and rebranded the company from LSI Logic Corporation to LSI Corporation.
[edit] Markets
LSI designs custom silicon (ASICs), host bus adapters, RAID adapters, storage systems, expanders and software. LSI Storage Products
Merging with Agere also adds VoIP, modem chipsets, hard-disk drives, USB and other networking products to it's portfolio. LSI Networking Products
LSI also has its hand in the production of video game consoles, DVD and personal video recorders, high-definition video and home media servers. LSI Consumer Products
[edit] Mergers and Acquisitions
In August 1998 LSI acquired Symbios Logic from Hyundai.
In March 2001 LSI acquired C-Cube in a stock-for-stock transaction [1].
In September 2001 LSI acquired AMI's RAID adapter division in a cash transaction.
In September 2002 LSI acquired Mylex from IBM.
In December 2006 LSI announced it's intention to merge with Agere in an all stock transaction [2].
On April 2, 2007 LSI completed it's merger with Agere Systems. [3]
