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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
Seagate to buy LSI's flash storage business from Avago for $450M
2014-05-30 18:16:17| InfoWorld: Top News
Seagate Technology will buy LSI's flash storage business from Avago Technologies for $450 million in cash. The deal will expand Seagate's offerings and future capabilities in the fast-growing flash storage business. The assets include LSI's ASD (Accelerated Solutions Division), which makes enterprise-class products with PCIe interfaces, and the FCD (Flash Components Division), known for the popular SandForce line of controllers for high-volume flash components. Seagate expects the transaction to close in the third quarter of this year.
Tags: business
buy
flash
storage
Square to see light from LSI's success
2013-04-30 12:08:22| Furniture - Topix.net
Fifth Third's Lea Ann Stevenson, left, and Jeff Kursman, right, talk with 3CDC's John Fox about the new Smartvision video board installed by LSI.
Tags: light
success
square
lsis
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