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.
On May 6, 2014, LSI Corporation was acquired by Avago Technologies for $6.6 billion. LSI Stockholders voted in favor of the proposal in April 2014, merging the company into its parent, and continuing with the LSI brand.
History
1981-2004
In 1981, Wilfred Corrigan, Bill O'Meara, Rob Walker and Mitchell "Mick" Bohn founded LSI under the name LSI Logic in Milpitas, California. Wilfred Corrigan served as the CEO from 1981 until 2005. LSI initially was funded by venture capitalists, including Sequoia Capital with $6 million. In March 1982, a second round of financing brought in another $16 million. LSI Logic went public with Nasdaq as LSI in May 1983 with the largest IPO to date of $153 million.
In 1985, the firm entered into a joint venture with Kawasaki Steel - Japan's third largest steel manufacturer - to build a $100 million wafer fabrication plant in Tsukuba, Japan.
EMI contributed with near record performance in first full quarter as part of LSI... LSI is well positioned to capitalize on favorable, long-term secular tailwinds and deliver profitable growth consistent with targets outlined within Fast Forward plan.
Such statements, whether expressed or implied, are based upon current expectations of LSI and speak only as of the date made ... LSI does not guarantee any forward-looking statement, and actual results may differ materially from those projected.