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In April 2007, LSI Logic merged with Agere Systems and rebranded the firm as LSI Corporation. On May 6, 2014, LSI Corporation was acquired by Avago Technologies (now known as Broadcom Inc.) for $6.6 billion.
- Santa Clara, California, U.S. November 1980; 42 years ago
- 5,080 (2012)
- San Jose, California, U.S.
Avago Technologies Limited completed its acquisition of LSI Corporation for $6.6 billion in an all-cash transaction in May 2014. The acquisition created a diversified semiconductor market leader with products for wireless communications, wired infrastructure and enterprise storage.
Apr 9, 2014 · LSI Corporation shareholders approved the merger agreement with Avago Technologies Limited at a special meeting in 2014. The merger was subject to regulatory approvals and closing conditions, and LSI shareholders received $11.15 per share in cash.
Avago Technologies announced a $6.6 billion cash deal to buy LSI Corporation, a semiconductor company focused on enterprise storage and networking. The acquisition creates a diversified semiconductor market leader with approximately $5 billion in annual revenues and significant synergies.
LSI Logic Corporation, was an American company founded in Santa Clara, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.
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LSI is a semiconductor company that produces networking, storage, and software solutions. It is part of Avago Technologies, a public company that offers analog, digital, and optoelectronics products for various markets.
LSI Corporation (LSI.NYSE): Stock quote, stock chart, quotes, analysis, advice, financials and news for Stock LSI Corporation | Nyse: LSI | Nyse
