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LSI to acquire SiliconStor

Posted: 20 Feb 2007     Print Version  Bookmark and Share

Keywords:LSI Logic  SiliconStor  IC controller  storage network  acquisition 

LSI Logic Corp. has signed a definitive agreement to buy SiliconStor Inc., a developer of silicon solutions for enterprise storage networks.

At closing of the acquisition, the company expects to pay approximately Rs.249.26 crore ($55 million) in cash for SiliconStor. The closing of the transaction is subject to the satisfaction of customary closing conditions and is expected to occur in Q1 of 2007.

The acquisition of SiliconStor aligns with the LSI strategy to offer server and storage system customers complete solutions including IC controllers, RAID-on-Chip, expanders, RAID software, and host bus adapters for the fast growing serial attached SCSI infrastructure.

In a sign of further consolidation in semiconductors, LSI and Agere Systems Inc. in December announced that they have entered into a Rs.18,128 crore ($4 billion) agreement to merge the two companies under the LSI Logic name in an all-stock transaction.

- Mark LaPedus
EE Times

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