Print  |  Send  |   

LSI to acquire SandForce for $370 million

October 27, 2011 // DylanMcGrath

LSI to acquire SandForce for $370 million

Chip maker LSI Corp., said it has signed a definitive agreement to acquire SandForce Inc., a supplier of flash processors for solid state drives, in a deal worth about $370 million.

LSI (Milpitas, CA) will pay about $322 million in cash—net of cash assumed from SandForce—and assume about $48 million worth of unvested stock options and restricted shares held by SandForce employees, the company said.

"Adding SandForce's technology to LSI's broad storage portfolio is consistent with our mission to accelerate storage and networking," said Abhi Talwalkar, LSI president and CEO, in a statement. "The acquisition represents a significant, rapidly growing market opportunity for LSI over the next several years."

The transaction is expected to close early in the first quarter of 2012, LSI said. It issubject to customary closing conditions and regulatory approvals, the company said. Upon closing, the SandForce team will become part of LSI's newly formed Flash Components division, with Michael Raam, SandForce president and CEO, serving as general manager, LSI said.

LSI has previously been among several firms which backed SandForce over three funding rounds. The list of investors also included foundry United Microelectronics' venture capital arm, UMC Capital.

All news


Follow us

Fast, Accurate & Relevant for Design Engineers only!

Technical papers     

Linear video channel


Read more

This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, NEMA 17-compatible TMCM-1043 stepDancer stepper motor module.

Offering designers an easy-to-use PC-based GUI that allows one-click modification of motor drive current, micro-stepping and other key parameters, the intuitive kits are custom designed and developed for...


Design centers     

Infotainment Making HDTV in the car reliable and secure

December 15, 2011 | Texas instruments | 222901974

Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.


You must be logged in to view this page

Login here :