26 Facts About LSI Corporation

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.

LSI Corporation Stockholders voted in favor of the proposal in April 2014, merging the company into its parent, and continuing with the LSI Corporation brand.

LSI Corporation initially was funded by venture capitalists, including Sequoia Capital with $6 million.

LSI Corporation Logic went public with Nasdaq as LSI Corporation in May 1983 with the largest IPO to date of $153 million.

LSI Corporation Logic was among the 14 founding members, but withdrew from SEMATECH in January 1992.

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In July 1991, LSI Corporation entered into an agreement with Sanyo Electric of Japan to make a set of chips that translate an HDTV signal into a television image.

In February 1999, LSI Corporation acquired Seeq Technology, adding physical-layer based Ethernet technology to LSI Corporation's product line.

In May 2000, LSI Corporation acquired IntraServer for $70 million, with expectations to add their rapidly expanding customer base to LSI Corporation's own.

In November 2000, LSI Corporation acquired Syntax Systems, and in August 2001 the groups merged to become LSI Corporation Logic Storage Systems, and later Engenio Information Technologies.

In September 2001 LSI Corporation acquired a RAID adapter division from American Megatrends in a $221 million cash transaction.

LSI and Storage Technology Corporation entered an alliance making StorageTek the distributor of their co-branded storage products in January 2002.

In November 2003, LSI Corporation sold its Tsukuba, Japan facility to ROHM Company, Ltd.

Engenio division of LSI Corporation filed for its own IPO in 2004, but withdrew citing adverse market conditions after the burst of the dot-com bubble.

Talwalkar was an executive at Intel Corporation before joining LSI, and began a program of acquisitions and divestitures.

In October 2005, LSI Corporation Logic opened a semiconductor design and engineering development center at the Dubai Silicon Oasis Microelectronics Innovation Center.

In 2006, LSI Corporation Logic sold the Gresham, Oregon design and manufacturing facility to ON Semiconductor.

In March 2007, LSI Corporation Logic acquired SiliconStor Inc, a provider of semiconductor solutions for enterprise storage networks, for approximately $55 million in cash.

August 2007, LSI Corporation signed an agreement with STATS ChipPAC Ltd to sell its Pathumthani, Thailand semiconductor assembly and test operations for $100 million.

In October 2007, LSI Corporation acquired Tarari, a maker of silicon and software, for $85 million in cash.

In October 2007 LSI Corporation completed its sale of its Mobility Division to Infineon Technologies AG for $450 million in cash.

LSI Corporation put ONStor into its Engenio storage division, which is a NAS vendor.

In March 2011, LSI Corporation announced its sale of its Engenio external storage systems business to NetApp for $480 million in cash.

In January 2012, LSI Corporation completed the acquisition of SandForce, which produced flash memory controllers.

LSI Corporation introduced its Nytro Predictor software, a tool that helps determine which Nytro product works best with which applications.

At the SCSI Trade Association Technology Showcase in May 2012, LSI Corporation announced accelerated datacenter performance with its DataBolt bandwidth optimizer technology.

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LSI Corporation hosted its sixth Accelerated Innovation Summit, in November 2013.