LSI to acquire SandForce for $370 million
October 27, 2011 // DylanMcGrath
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.
RS Components and Allied Electronics connect with Rosenberger for global distribution
October 24, 2014
RS Components (RS) and Allied Electronics, the trading brands of Electrocomponents plc, have signed a global distribution ...
Pixel chip sparks energy-efficient intelligent LED headlamps
Noise cancellation: The sounds of silence in the car
HPLEDs double light output, cut costs by 40 percent
Startup creates virtual cores
Photochemical compounds for tunable OLED devices
October 24, 2014
Spanish researchers have developed new organic compounds characterized by a higher modularity, stability and efficiency, ...
Consumer chips in the car? Experts demand adequate design processes
Murata cheerleaders demonstrate sensors, swarm intelligence
Radon and VOCs detection goes personal
- 5 Best Practices for Designing Flexible Test Stations
- Intelligent PLCs Expand the Internet of Things
- Solutions for Millimeter Wave Wireless Backhaul
- Enter Linduino
InterviewCEO interview: AMS' Laney on driving a sensor-driven business
Kirk Laney, CEO of Austrian mixed-signal chip and sensor company AMS, wants to leverage the opportunity that technology affords to create new markets for sensors and sensor interfaces.
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Oscium is giving away three of its iMSO-204L dual analogue iOS oscilloscopes, worth USD400 each. Designed with native Lightning compatibility, the iMSO-204L transforms the iPad, iPhone, and iPod touch into an ultra-portable, two-channel oscilloscope.
Since Apple changed its connector, Oscium has been working to bring native compatibility to its customers. The third generation...MORE INFO AND LAST MONTH' WINNERS...
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.