LSI Corporation
 |
|
| LSI CORP | |
| Subsidiary | |
| Industry |
Semiconductors Storage Networking |
| Fate | 2014, acquired by Avago Technologies |
| Founded | Milpitas, California, 1981 |
| Founder | Wilfred Corrigan Bill O’Meara Rob Walker Mitchell "Mick" Bohn |
| Headquarters | San Jose, California, United States |
|
Number of locations
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26 |
|
Area served
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North America, China, Europe, Middle East, Africa, India, Japan |
|
Key people
|
Abhi Talwalkar, President and CEO Gautam Srivastava, Senior Vice President Corporate Marketing Jeff Richardson, COO |
| Products | Server Storage, Flash Storage, Hard Disk Drives, Mobile Networks, Enterprise and Datacenter Networks |
| Revenue | US$ 2.51 Billion (2012) |
| US$ 195.2 million (2012) | |
| Total assets | US$ 2.35 billion (2012) |
| Total equity | US$ 1.15 billion (2012) |
|
Number of employees
|
5,080 (2012) |
| Parent | Broadcom Limited |
| Website | www |
LSI Corporation was an American company based in San Jose, California which designed semiconductors and software that accelerate storage and networking in data centers, mobile networks and client computing.
On May 6, 2014, LSI Corporation was acquired by Avago Technologies (now Broadcom) for $6.6 billion. LSI Stockholders voted in favor of the proposal in April 2014, merging the company into its parent, and continuing with the LSI brand.
In 1981, Wilfred Corrigan, Bill O'Meara, Rob Walker and Mitchell "Mick" Bohn founded LSI under the name LSI Logic in Milpitas, California. Wilfred Corrigan served as the CEO from 1981 until 2005. LSI initially was funded by venture capitalists, including Sequoia Capital with $6 million. In March 1982, a second round of financing brought in another $16 million. LSI Logic went public with Nasdaq as LSI in May 1983 with the largest IPO to date of $153 million.
In 1985, the firm entered into a joint venture with Kawasaki Steel—Japan's third largest steel manufacturer—to build a $100 million wafer fabrication plant in Tsukuba, Japan.
In 1987, SEMATECH (Semiconductor Manufacturing Technology) was incorporated partially in result of the 1984 National Cooperative Research Act, which reduced potential antitrust liabilities of research joint ventures. SEMATECH is a research and development consortium to advance semiconductor and chip manufacturing. LSI Logic was among the 14 founding members, but withdrew from SEMATECH in January 1992.
In July 1991, LSI entered into an agreement with Sanyo Electric of Japan to make a set of chips that translate an HDTV signal into a television image.
LSI Logic started developing its CoreWare technology in 1992. In 1993, Sony Computer Entertainment chose LSI Logic as their ASIC partner, charged with fitting the PlayStation CPU on a single chip. LSI’s CoreWare could do it, while other offers made to Sony needed two chips. Sony also worked with LSI’s engineers develop the graphics engine, DMA controller, I/O and bus controllers.
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Wikipedia