LSI Corporation

Last updated
LSI Logic Corporation
Industry
Founded Santa Clara, California, U.S. November 1980;43 years ago (November 1980)
Founders Wilfred Corrigan
Bill O’Meara
Rob Walker
Mitchell "Mick" Bohn
Successor2014;10 years ago (2014), acquired by Avago Technologies, now Broadcom Inc.
Headquarters San Jose, California, U.S.
Revenue US$2.51 billion (2012) [1]
Number of employees
5,080 (2012) [1]
Website lsi.com

LSI Logic Corporation, was an American company founded in Santa Clara, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing. [2] [3]

Contents

In April 2007, LSI Logic merged with Agere Systems and rebranded the firm as LSI Corporation. [4]

On May 6, 2014, LSI Corporation was acquired by Avago Technologies (now known as Broadcom Inc.) for $6.6 billion. [5]

History

1981–2004

LSI Logic Corporation was incorporated in November 1980 [6] by Wilfred J. Corrigan and began operating in early 1981 using leased facilities in Santa Clara, California. Corrigan recruited co-founders Bill O'Meara (VP Marketing and Sales), Rob Walker (VP Engineering) and Mitchell "Mick" Bohn (CFO) as co-founders. Initial funding of $6 million came from a consortium of venture capitalists, including Kleiner Perkins Caufield & Byers II, Institutional Venture Partners, and Technical Development Capital Ltd. [7] A second round of $16 million in funding from Sequoia Capital, [6] a group of investment bankers from the UK and First Interstate Bank came In March 1982.

The initial plan called for a line of CMOS gate arrays created from “masterslices” which were uncommitted transistors customized to a specific application by the deposition of unique metal interconnections. The intention was to have the masterslices manufactured by external semiconductor companies and then do the metallization themselves. In order to jump start the business, they licensed an existing CMOS gate array design from California Devices Inc. (CDI) and reverse engineered and improved on an ECL gate array design from Motorola. [8]

The first interactive CAD system was called LSI Design System (LDS). The initial EDA flow was based on simulation from TEGAS and place and route from Silvar-Lisco, integrated on Megatek hardware. What made them unique from other ASIC vendors at the time was that they willing to ship the software to their customers rather than keeping it in-house, which was the strategy used by market leaders at the time. In 1982 they started development of their own in-house CAD tools and moved to Silicon Graphics hardware. By 1988, the EDA industry had developed enough that customers wanted to be able to use 3rd party tools. [8]

Sales grew rapidly and they were able to launch a successful initial public offering on the Nasdaq exchange on May, 13 1983. The offering was underwritten by Morgan Stanley & Co and Hambrecht & Quist. 7 million shares of common stock were issued at a price of $21 per share. The stock hit a peak of $25.50 during the day and closed at $24 a share which valued the company at $588M. [7] Once underwriters options were exercised the total offering brought in $153 million. Stock symbol: LLSI.

In April 1984, LSI Logic formed a Japanese affiliate, Nihon LSI Logic Corporation, and raised $20M in a private offering.

In June 1984, LSI Logic formed a British subsidiary, LSI Logic Ltd, and raised $20M in through a private placement.

In February 1985, LSI Logic formed a Canadian subsidiary, LSI Logic Corporation of Canada, Inc.

In 1985, the firm entered into a joint venture called Nihon Semiconductor, Inc. together with Kawasaki Steel —Japan's third largest steel manufacturer—to build a $100 million wafer fabrication plant in Tsukuba, Japan. [9]

In 1987, LSI Logic was among the 14 founding members of SEMATECH, but later withdrew from the organization in January 1992. [10] [11] [12]

In December 1987, MIPS Computer Systems brought on LSI Logic as a licensee to ability to fabricate the R2000 and R3000 chipsets and provided a license for LSI Logic to implement the MIPS I instruction set architecture (ISA) in ASIC form.

In March 1988, LSI Logic agrees to manufacture and sell the SPARC RISC microprocessor under license from SUN Microsystems. [13]

In October 1988, LSI Logic acquired a controlling stake in Video Seven Inc., a designer, manufacturer, and marketer of PC graphics boards [14]

In April 1989, LSI Logic merged its G-2 Inc PC chipsets and Video Seven Inc. graphics chip buses to create Headland Technology Inc, a subsidiary to be run by LSI Logic founder Bill O'Meara [15]

In October 1989, LSI Logic transferred its stock listing from NASDAQ: LLSI to NYSE: LSI. [16]

In July 1991, LSI Logic entered into an agreement with Sanyo Electric of Japan to make a set of chips that translate an HDTV signal into a television image. [17] [18]

In July 1992, LSI Logic announced CoreWare subsystems as part of its ASIC design flow . [19]

In 1993, Sony Computer Entertainment chose LSI Logic as their ASIC partner, charged with fitting the PlayStation CPU on a single chip. [20] LSI's CoreWare could do it, while other offers made to Sony needed two chips. [20] Sony also worked with LSI's engineers develop the graphics engine, DMA controller, I/O and bus controllers. [20]

In 1995, LSI Logic acquired all the remaining shares (45%) of its Canadian subsidiary LSI Logic Corporation of Canada, Inc., which it did not already own. [21]

In 1997, LSI Logic acquired Mint Technology, an engineering services company. [21]

In August 1998, LSI Logic acquired Symbios Logic from Hyundai Electronic for $760 million cash. [22]

In February 1999, LSI Logic acquired Seeq Technology for $106 million in stock, adding physical-layer based Ethernet technology to LSI's product line. [23]

In January 2000, LSI Logic established a $50M venture fund to invest in startups in the communication sector. [24]

In May 2000, LSI Logic acquired IntraServer for $70 million, with expectations to add their rapidly expanding customer base to LSI's own. [25] [26]

LSI 9207-8i SAS host adapter LSI SAS 9207-8i.jpg
LSI 9207-8i SAS host adapter

In November 2000, LSI Logic acquired Syntax Systems, and in August 2001 the groups merged to become LSI Logic Storage Systems, and later Engenio Information Technologies. [27]

In March 2001 LSI Logic acquired C-Cube Microsystems, a video compression semiconductor company, for $878 million in stock. [2] [28]

In September 2001 LSI Logic acquired the RAID adapter division from American Megatrends in a $221 million cash transaction. [29] Included in this deal, LSI received AMI's MegaRAID software intellectual property, host bus adapter products and 200 RAID employees. [29]

In January 2002 LSI Logic and Storage Technology Corporation (StorageTek) entered an alliance making StorageTek the distributor of their co-branded storage products. [30]

In August 2002 LSI Logic acquired Mylex from IBM, to expand its storage technologies. [31]

In November 2003, LSI Logic sold its Tsukuba, Japan wafer fabrication facility to ROHM Company, Ltd. for $23.5 million. [32]

The Engenio division of LSI Logic filed for its own IPO in 2004, but withdrew citing adverse market conditions after the burst of the dot-com bubble. [27]

2005 to 2014

LSI Corporation logo, launched along with the Agere Systems merger and rebranding in 2007 The above file's purpose is being discussed and/or is being considered for deletion. See files for discussion to help reach a consensus on what to do. LSI logo RGB 125x42.jpg
LSI Corporation logo, launched along with the Agere Systems merger and rebranding in 2007
The above file's purpose is being discussed and/or is being considered for deletion. See files for discussion to help reach a consensus on what to do.

In May 2005, Abhi Talwalkar joined LSI Logic as president and CEO, and was also appointed to the board of directors. [33] [34] Talwalkar was an executive at Intel Corporation before joining LSI. [35] [36] Wilfred Corrigan served as Chief Executive Officer and Chairman of the Board from 1981 to June 2005 and Chairman from June 2005 until May 2006. [37]

In April 2006, LSI Logic sold the Gresham, Oregon design and manufacturing facility to ON Semiconductor for $105 million in cash [38]

In October 2006, LSI Logic agreed to an all-stock merger with Agere Systems worth about $4 billion. [4] [39]

March 2007, LSI Logic acquired SiliconStor Inc., a provider of semiconductor solutions for enterprise storage networks, for approximately $55 million in cash. [40]

April 2007, LSI Logic completed its merger with Agere Systems Inc., who previously owned LSI's Mobility Products Group, and rebranded the firm LSI Corporation. [4]

July 2007, Magnum Semiconductor Inc. a spin-off of Cirrus Logic Inc., acquired LSI Corporation's consumer products business and 13 percent of LSI's workforce. These lines included architectures named DoMiNo and Zevio, evolutions of the C-Cube Microsystems technology. [41]

August 2007, LSI Corporation signed an agreement with STATS ChipPAC Ltd to sell its Pathumthani, Thailand semiconductor assembly and test operations for $100 million. [42]

In October 2007, LSI Corporation acquired Tarari, a maker of silicon and software, for $85 million in cash. [43]

October 2007 LSI Corporation completed its sale of its Mobility Division to Infineon Technologies AG (Munich) for €330 million in cash. Approximately 700 LSI employees transferred to Infineon in the deal. [44]

April 2009, LSI Corporation bought the 3ware RAID adapter business of Applied Micro Circuits Corporation. [45]

July 2009, LSI Corporation acquires NAS vendor ONStor, Inc. for $25 million. [46]

March 2011, LSI Corporation announced its sale of its Engenio external storage systems business to NetApp for $480 million in cash. [1] The sale of the Engenio division, which generated revenues of $705 million in 2010, completed in May. [1]

January 2012, LSI Corporation completed the acquisition of SandForce, which produced flash memory controllers (for $370 million reported in October 2011). [47] LSI started producing its own PCIe cards for data center servers, using SandForce's flash controller chips, under their new Nytro product line that April. [47] [48] [49] This included three different products: LSI Nytro WarpDrive Application Acceleration Cards, LSI Nytro XD Application Acceleration Storage Solution, and LSI Nytro MegaRAID Application Acceleration Cards. [48] [50] [51]

December 2012, LSI Corporation transferred its stock listing from NYSE: LSI to NASDAQ (Global Select Market): LSI. [52]

On December 16, 2013, Avago Technologies (which later acquired Broadcom Corp, then renamed itself as Broadcom LTD, then in 2018 changed its name to Broadcom Inc. [53] ) announced it would be acquiring LSI Corporation for $6.6 billion in cash. The transaction closed on May 6, 2014. [54] [55]

Related Research Articles

<span class="mw-page-title-main">Agere Systems</span> American integrated circuit components company

Agere Systems, Inc. was an integrated circuit components company based in Allentown, Pennsylvania. Spun out of Lucent Technologies in 2002, Agere was merged into LSI Corporation in 2007. LSI was in turn acquired by Avago Technologies in 2014. In early 2016, Avago acquired the former Broadcom Corporation, and took on the name Broadcom Inc.

<span class="mw-page-title-main">Cypress Semiconductor</span> Defunct American semiconductor company

Cypress Semiconductor was an American semiconductor design and manufacturing company. It offered NOR flash memories, F-RAM and SRAM Traveo microcontrollers, PSoCs, PMICs, capacitive touch-sensing controllers, Wireless BLE Bluetooth Low-Energy and USB connectivity solutions.

<span class="mw-page-title-main">Gate array</span> Type of integrated circuit

A gate array is an approach to the design and manufacture of application-specific integrated circuits (ASICs) using a prefabricated chip with components that are later interconnected into logic devices according to custom order by adding metal interconnect layers in the factory. It was popular during the upheaval in the semiconductor industry in the 1980s, and its usage declined by the end of the 1990s.

<span class="mw-page-title-main">Broadcom Corporation</span> Defunct American fabless semiconductor company

Broadcom Corporation was an American fabless semiconductor company that made products for the wireless and broadband communication industry. It was acquired by Avago Technologies for $37 billion in 2016 and currently operates as a wholly owned subsidiary of the merged entity Broadcom Inc.

<span class="mw-page-title-main">PMC-Sierra</span> Former semiconductor company

PMC-Sierra was a global fabless semiconductor company with offices worldwide that developed and sold semiconductor devices into the storage, communications, optical networking, printing, and embedded computing marketplaces.

VLSI Technology, Inc., was an American company that designed and manufactured custom and semi-custom integrated circuits (ICs). The company was based in Silicon Valley, with headquarters at 1109 McKay Drive in San Jose. Along with LSI Logic, VLSI Technology defined the leading edge of the application-specific integrated circuit (ASIC) business, which accelerated the push of powerful embedded systems into affordable products.

<span class="mw-page-title-main">Emulex</span> Computer peripherals manufacturer

Emulex Corporation was an American computer hardware company active from 1978 to 2015. The company was a provider of computer network connectivity, monitoring and management hardware and software. The company's I/O connectivity offerings, including its line of Ethernet and Fibre Channel-based connectivity products, are or were used in server and storage products from OEMs, including Cisco, Dell, EMC Corporation, Fujitsu, Hitachi, HP, Huawei, IBM, NetApp, and Oracle Corporation. In 2015, the company was acquried by Avago Technologies.

Microchip Technology Incorporated is a publicly listed American corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits. Its products include microcontrollers, Serial EEPROM devices, Serial SRAM devices, embedded security devices, radio frequency (RF) devices, thermal, power, and battery management analog devices, as well as linear, interface and wireless products.

Marvell Technology, Inc. is an American company, headquartered in Wilmington, Delaware, which develops and produces semiconductors and related technology. Founded in 1995, the company had more than 6,500 employees as of 2024, with over 10,000 patents worldwide, and an annual revenue of $5.5 billion for fiscal 2024.

<span class="mw-page-title-main">Broadcom</span> American semiconductor company

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2023, some 79 percent of Broadcom's revenue came from its semiconductor-based products and 21 percent from its infrastructure software products and services.

ON Semiconductor Corporation is an American semiconductor supplier company, based in Scottsdale, Arizona. Products include power and signal management, logic, discrete, and custom devices for automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications. onsemi runs a network of manufacturing facilities, sales offices and design centers in North America, Europe, and the Asia Pacific regions. Based on its 2016 revenues of $3.907 billion, onsemi ranked among the worldwide top 20 semiconductor sales leaders, and was ranked No. 483 on the 2022 Fortune 500 based on its 2021 sales.

<span class="mw-page-title-main">PLX Technology</span> American manufacturer of integrated circuits

PLX Technology was a manufacturer of integrated circuits focused on PCI Express and Ethernet technologies. On August 12, 2014, Broadcom Inc., acquired the company.

Microsemi Corporation was an Aliso Viejo, California-based provider of semiconductor and system solutions for aerospace & defense, communications, data center and industrial markets.

The IEEE Robert N. Noyce Medal is a science award presented by the IEEE for outstanding contributions to the microelectronics industry. It is given to individuals who have demonstrated contributions in multiple areas including technology development, business development, industry leadership, development of technology policy, and standards development. The medal is named in honour of Robert N. Noyce, the co-founder of Intel Corporation. He was also renowned for his 1959 invention of the integrated circuit. The medal is funded by Intel Corporation and was first awarded in 2000.

SandForce was an American fabless semiconductor company based in Milpitas, California, that designed flash memory controllers for solid-state drives (SSDs). On January 4, 2012, SandForce was acquired by LSI Corporation and became the Flash Components Division of LSI. LSI was subsequently acquired by Avago Technologies on May 6, 2014 and on the 29th of that same month Seagate Technology announced its intention to buy LSI's Flash Components Division.

<span class="mw-page-title-main">MaxLinear</span> American hardware company

MaxLinear is an American hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

<span class="mw-page-title-main">NetLogic Microsystems</span> Semiconductor company

NetLogic Microsystems, Inc. was a fabless semiconductor company that developed high performance products for data center, enterprise, wireless and wireline infrastructure networks. The company was founded in 1995 by Norman Godinho and Varad Srinivasan, became a public company on the NASDAQ exchange under the leadership of CEO Ronald Jankov in July 2004 and was acquired by Broadcom Corporation for $3.7 billion in February 2012.

Abhi Talwalkar was president and CEO of LSI Corporation, a company that designed chips and software for datacenters and other applications.

References

  1. 1 2 3 4 "LSI Corporation 10-K". Securities and Exchange Commission. 2012. Retrieved 28 January 2014.
  2. 1 2 Laurie J. Flynn (March 27, 2001). "Technology Briefing: Deals; LSI Logic To Buy C-Cube Microsystems". The New York Times. Retrieved October 20, 2013.
  3. ↑ "LSI Launches New Nytro PCIe Product Line". eWeek. Retrieved 28 January 2014.
  4. 1 2 3 "LSI Completes Merger with Agere Systems". news.thomasnet.com. Retrieved 2023-01-01.
  5. ↑ Hyde, Jennifer (8 January 2014). "Avago Technologies Limited (NASDAQ:AVGO) Moves Forward With LSI Deal". Financials Trend. Archived from the original on 13 October 2017. Retrieved 28 January 2014.
  6. 1 2 "Who's who at LSI Logic's 30th reunion". EETimes. November 9, 2010. Retrieved January 1, 2023.
  7. 1 2 Sylvester, David (May 14, 1983). "LSI raises a record $147 million". The Mercury News .
  8. 1 2 "LSI Logic". Semiconductor Engineering. February 23, 2015. Retrieved December 25, 2022.
  9. ↑ "LSI Logic joined forces with Kawasaki Steel". Los Angeles Times. 16 August 1985. Retrieved 29 January 2014.
  10. ↑ Irwin, DA; Klenow, PJ (1996). "Sematech: Purpose and Performance". Proc. Natl. Acad. Sci. U.S.A. 93 (23). Colloquium Paper: 12739–42. Bibcode:1996PNAS...9312739I. doi: 10.1073/pnas.93.23.12739 . PMC   34130 . PMID   8917487.
  11. ↑ "LSI Logic Quits Chip Consortium : Technology: The payoff for the Milpitas, Calif., firm, a founder of the Sematech organization, fell short of expectations". Los Angeles Times. 7 January 1992. Retrieved 29 January 2014.
  12. ↑ Pollack, Andrew (7 January 1992). "LSI Is Leaving Sematech; First of Founders to Defect". New York Times. Retrieved 29 January 2014.
  13. ↑ Writer, CBR Staff (1988-03-15). "LSI LOGIC AGREES TO MANUFACTURE SUN'S SPARC RISC". Tech Monitor. Retrieved 2023-02-08.
  14. ↑ "LSI now has 70% of Video Seven". Tech Monitor. October 23, 1988. Retrieved December 29, 2022.
  15. ↑ "LSI Logic Merges G2, Video Seven to form Headland". TechMonitor. April 5, 1989. Retrieved December 27, 2022.
  16. ↑ "NASD Notice to Members" (PDF). November 1989. p. 408. Retrieved February 18, 2023.
  17. ↑ "LSI, Sanyo Join on Advanced TV System". Los Angeles Times. 16 July 1991. Retrieved 29 January 2014.
  18. ↑ "LSI and Sanyo In Chips Deal". New York Times. 16 July 1991. Retrieved 29 January 2014.
  19. ↑ "LSI Logic extends IP platform strategy with CoreWare subsystems". Design And Reuse. Retrieved 2023-02-06.
  20. 1 2 3 "FastForward Sony Taps LSI Logic for PlayStation Video Game CPU Chip". FastForward. Retrieved 29 January 2014.
  21. 1 2 "LSI Corporation 10-K 1998". Securities and Exchange Commission. Retrieved 29 January 2014.
  22. ↑ Corey Grice (August 7, 1998). "Short Take: LSI to take third-quarter charge". CNet news. Retrieved October 21, 2013.
  23. ↑ "LSI Logic to acquire Seeq". EE Times. Retrieved 29 January 2014.
  24. ↑ Staff (2000-01-28). "LSI Logic forms $50m communications fund". Electronics Weekly. Retrieved 2023-01-01.
  25. ↑ "History". Hoovers. Retrieved 29 January 2014.
  26. ↑ "LSI to buy IntraServer for $70 mln". Cnet News. Retrieved 29 January 2014.
  27. 1 2 Engenio Information Technologies (July 27, 2004). "Prospectus". Form S-1/A. US Securities and Exchange Commission. Retrieved October 21, 2013.
  28. ↑ Tiffany Kary (March 26, 2001). "C-Cube shares rocket on LSI Logic deal". CNet news. Retrieved October 20, 2013.
  29. 1 2 Natalie Weinstein (September 4, 2001). "LSI completes buy of RAID unit". CNet news. Retrieved October 21, 2013.
  30. ↑ "2003 LSI Corporation 10-K" . Retrieved 29 January 2014.
  31. ↑ Tiffany Kary (July 2, 2002). "LSI to buy Big Blue unit". CNet news. Retrieved October 20, 2013.
  32. ↑ "Japan's Rohm agrees to buy LSI Logic's Tsukuba fab". EETimes. Retrieved February 6, 2023.
  33. ↑ "LSI CEO Abhi Talwalkar". Mercury News. 31 December 2009. Retrieved 29 January 2014.
  34. ↑ "Data is the Future for LSI CEO Abhi Talwalkar". Institutional Investor. Retrieved 29 January 2014.
  35. ↑ "Abhijit Y. Talwalkar". NNDB. Retrieved 29 January 2014.
  36. ↑ "Abhi Talwalkar". International Conference. Archived from the original on 2 February 2014. Retrieved 29 January 2014.
  37. ↑ "Wilfred Corrigan". Forbes. Archived from the original on February 2, 2014. Retrieved 29 January 2014.
  38. ↑ Clarke, Peter (April 6, 2006). "LSI Logic sells Gresham fab for $105 million". EE Times. Retrieved December 25, 2022.
  39. ↑ "LSI Logic CEO Abhi Talwalkar: Chipping Away". Chief Executive. 30 January 2009. Retrieved 29 January 2014.
  40. ↑ Preimesberger, Chris (2007-02-16). "LSI Logic to Acquire SiliconStor for $55M". eWEEK. Retrieved 2023-01-01.
  41. ↑ "August Capital - News: Magnum Semiconductor Agrees To Acquire LSI Consumer Products Business". augustcapital.typepad.com. Retrieved 2023-01-01.
  42. ↑ LTD, STATS CHIPPAC PTE (2007-07-25). "STATS ChipPAC Acquires LSI's Assembly and Test Operation in Thailand". GlobeNewswire News Room (Press release). Retrieved 2023-01-01.
  43. ↑ LaPedus, Mark (September 5, 2007). "LSI to buy Tarari for $85 million". EETimes. Retrieved January 1, 2023.
  44. ↑ LaPedus, Mark (2007-08-20). "Infineon buys LSI's mobility product line". EE Times. Retrieved 2023-01-01.
  45. ↑ "LSI Corporation 10-K 2010". Securities and Exchange Commission. Retrieved 29 January 2014.
  46. ↑ Chris Mellor (July 23, 2009). "LSI buys struggling ONStor: ONStor investors curse their own prescience". The Register. Retrieved October 20, 2013.
  47. 1 2 "LSI launches Nytro application acceleration cards". Computer World. Retrieved 29 January 2014.
  48. 1 2 "LSI Goes All Flashy". Network Computing. Retrieved 29 January 2014.
  49. ↑ "LSI's Nytro MegaRAID Brings SSD Caching to SAS RAID Cards". AnandTech. Retrieved 29 January 2014.
  50. ↑ "LSI Gives Flash Storage App Acceleration Market a Nytro Boost". InfoStor. Retrieved 29 January 2014.
  51. ↑ "LSI Reveals PCIe-Based Nytro Enterprise Storage Solutions". HotHardware. Retrieved 29 January 2014.
  52. ↑ "Data Technical News #2012 - 36 LSI Corporation to Begin Listing on NASDAQ on Wednesday, December 19, 2012". nasdaqtrader.com. Retrieved 2023-02-19.
  53. ↑ "Broadcom SEC Form 8-K". SEC. Retrieved 6 September 2018.
  54. ↑ "Avago to Buy LSI for $6.6 Billion". Deal Book. Retrieved 29 January 2014.
  55. ↑ "In Chip Deal, Singapore's Avago to Acquire LSI for $6.6 Billion". All Things D. Retrieved 29 January 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.