Home › Intel to buy LSI's Axxia networking business
 

Keywords :   


Intel to buy LSI's Axxia networking business

2014-08-14 08:48:00| Telecompaper Headlines

(Telecompaper) Avago Technologies and Intel announced the signing of a definitive agreement for Intel to acquire LSI's Axxia Networking Business and related assets for USD 650 million in cash. Adding the Axxia Networking Business capabilities to Intel's portfolio will help accelerate the company's strategy to become one of the leaders in platform products for network infrastructure. With its product portfolio, Intel aims to help operators create a more efficient, scalable and flexible network to keep up with future bandwidth demands while also allowing for fast provisioning of new services. LSI's Axxia Networking Business is being divested following Avago's recent completion of the acquisition of LSI. The Axxia Networking Business generated revenues of USD 113 million in calendar 2013 and employs approximately 650 people. 

Tags: business buy networking intel

Category:Telecommunications

Latest from this category

All news
»
15.11Tropical Storm Sara Graphics
15.11Tropical Storm Sara Forecast Discussion Number 8
15.11Tropical Storm Sara Wind Speed Probabilities Number 8
15.11Tropical Storm Sara Public Advisory Number 8
15.11JBS reports strong Q3 financial results
15.11 20213 105S P7905-P
15.11 ()
15.11Mizuno Energy 25.5
More »