siegler incorporated . lsi corporation trading name lsi corp type subsidiary industry semiconductors storage networking fate 2014 acquired by avago technologies founded milpitas california 1981 founder wilfred corrigan bill o meara rob walker mitchell mick bohn headquarters san jose california united states number of locations 26 area served north america china europe middle east africa india japan key people abhi talwalkar president and ceo gautam srivastava senior vice president corporate marketing jeff richardson coo products server storage flash storage hard disk drives mobile networks enterprise and datacenter networks revenue us 2.51 billion 2012 1 net income us 195.2 million 2012 1 total assets us 2.35 billion 2012 1 total equity us 1.15 billion 2012 1 number of employees 5 080 2012 1 parent broadcom limited website www.lsi.com 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 . 2 3 4 on may 6 2014 lsi corporation was acquired by avago technologies now broadcom for 6.6 billion . 5 lsi stockholders voted in favor of the proposal in april 2014 merging the company into its parent and continuing with the lsi brand . contents 1 history 1.1 1981 2004 1.2 2005 to present 2 references 3 external links history edit 1981 2004 edit in 1981 wilfred corrigan bill o meara rob walker and mitchell mick bohn founded lsi under the name lsi logic in milpitas california . 6 7 wilfred corrigan served as the ceo from 1981 until 2005 . 8 lsi initially was funded by venture capitalists including sequoia capital with 6 million . 7 in march 1982 a second round of financing brought in another 16 million . 7 lsi logic went public with nasdaq as lsi in may 1983 with the largest ipo to date of 153 million . 7 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 . 9 in 1987 sematech semiconductor manufacturing technology was incorporated partially in result of the 1984 national cooperative research act which reduced potential antitrust liabilities of research joint ventures . 10 sematech is a research and development consortium to advance semiconductor and chip manufacturing . 10 lsi logic was among the 14 founding members but withdrew from sematech in january 1992 . 10 11 12 in july 1991 lsi entered into an agreement with sanyo electric of japan to make a set of chips that translate an hdtv signal into a television image . 13 14 lsi logic started developing its coreware technology in 1992 . 15 in 1993 sony computer entertainment chose lsi logic as their asic partner charged with fitting the playstation cpu on a single chip . 16 lsi s coreware could do it while other offers made to sony needed two chips . 16 sony also worked with lsi s engineers develop the graphics engine dma controller i o and bus controllers . 16 in 1995 lsi logic acquired the remaining shares its canadian subsidiary held which amounted to 45 % . 17 in 1997 mint technology an engineering services company was acquired by lsi . 17 in august 1998 it bought symbios logic from hyundai electronic for 760 million cash . 18 19 in february 1999 lsi acquired seeq technology adding physical layer based ethernet technology to lsi s product line . 20 in may 2000 lsi acquired intraserver for 70 million with expectations to add their rapidly expanding customer base to lsi s own . 15 21 lsi 9211 8i host adapter in november 2000 lsi acquired syntax systems and in august 2001 the groups merged to become lsi logic storage systems and later engenio information technologies . 19 in march 2001 lsi acquired c cube for 878 million in stock . 2 22 in that same quarter lsi introduced gflx a flexible process technology . 23 in september 2001 lsi acquired a raid adapter division from american megatrends in a 221 million cash transaction . 24 included in this deal lsi received ami s megaraid software intellectual property host bus adapter products and 200 raid employees . 24 lsi and storage technology corporation storagetek entered an alliance making storagetek the distributor of their co branded storage products in january 2002 . 25 in august of 2002 lsi acquired mylex from ibm to expand its storage technologies . 26 in november 2003 lsi sold its tsukuba japan facility to rohm company ltd. the engenio division of lsi filed for its own ipo in 2004 but withdrew citing adverse market conditions after the burst of the dot com bubble . 19 27 2005 to present edit in 2005 abhi talwalkar joined the company as president and ceo and was also appointed to the board of directors . 6 28 29 30 31 talwalkar was an executive at intel corporation before joining lsi and began a program of acquisitions and divestitures . 29 30 31 32 in october 2005 lsi logic opened a semiconductor design and engineering development center at the dubai silicon oasis dso microelectronics innovation center . 33 in 2006 lsi logic sold the gresham oregon design and manufacturing facility to on semiconductor . in october of that same year it agreed to an all stock merger with agere systems worth about 4 billion . 34 in march 2007 lsi acquired siliconstor inc. a provider of semiconductor solutions for enterprise storage networks for approximately 55 million in cash . 35 in april 2007 lsi completed its merger with agere systems inc. who previously owned lsi s mobility products group and rebranded the firm lsi corporation . 36 magnum semiconductor inc. a spin off of cirrus logic inc. acquired lsi s consumer products business and 13 percent of lsi s workforce in july 2007 . 35 36 these lines included architectures named domino and zevio evolutions of the c cube microsystems technology . 2 22 august 2007 lsi signed an agreement with stats chippac ltd to sell its pathumthani thailand semiconductor assembly and test operations for 100 million . 36 in october 2007 lsi acquired tarari a maker of silicon and software for 85 million in cash . 35 36 tarari s products integrated into lsi s nspg organization . 36 in october 2007 lsi completed its sale of its mobility division to infineon technologies ag munich for 450 million in cash . 36 approximately 700 lsi employees transferred to infineon in the deal . 36 in july 2009 lsi agreed to acquire onstor inc. for 25 million . 37 lsi put onstor into its engenio storage division which is a nas vendor . 37 lsi bought the 3ware raid adapter business of applied micro circuits corporation in april that same year . 38 in march 2011 lsi 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 in january 2012 lsi completed the acquisition of sandforce which produced flash memory controllers for 370 million reported in october 2011 . 39 40 lsi started producing its own pcie peripheral component interconnect express cards for data center servers using sandforce s flash controller chips under their new nytro product line that april . 3 39 40 41 42 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 . 41 43 44 45 lsi also introduced its nytro predictor software a tool that helps determine which nytro product works best with which applications . 39 41 at the scsi trade association technology showcase in may 2012 lsi announced accelerated datacenter performance with its databolt bandwidth optimizer technology . 46 47 the new databolt technology is being introduced to a line of products including the mini sas hd connector . 47 48 lsi hosted its sixth accelerated innovation summit ais in november 2013 . 49 milpitas based lsi corp. was named a thomson reuters 2011 and 2013 top 100 global innovator . 50 on december 16 2013 avago technologies which later merged with broadcom announced it would be acquiring lsi corporation for 6.6 billion in cash . the transaction closed on may 6 2014 . 51 52 53 references edit a b c d e f g lsi corporation 10 k . securities and exchange commission . 2012 . retrieved 28 january 2014 . a b c laurie j. flynn march 27 2001 . technology briefing deals ; lsi logic to buy c cube microsystems . the new york times . retrieved october 20 2013 . a b lsi launches new nytro pcie product line . eweek . retrieved 28 january 2014 . lsi ceo on defying the tech sector . cnbc . retrieved 28 january 2014 . hyde jennifer 8 january 2014 . avago technologies limited nasdaq avgo moves forward with lsi deal . financials trend . retrieved 28 january 2014 . a b lsi ceo abhi talwalkar . mercury news . retrieved 29 january 2014 . a b c d who s who at lsi logic s 30th reuninon . ee times . retrieved 29 january 2014 . wilfred corrigan . forbes . retrieved 29 january 2014 . lsi logic joined forces with kawasaki steel . los angeles times . retrieved 29 january 2014 . a b c sematech purpose and performance . colloquium paper . retrieved 29 january 2014 . 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 . retrieved 29 january 2014 . lsi is leaving sematech ; first of founders to defect . new york times . retrieved 29 january 2014 . lsi sanyo join on advanced tv system . los angeles times . retrieved 29 january 2014 . lsi and sanyo in chips deal . new york times . retrieved 29 january 2014 . a b history . hoovers . retrieved 29 january 2014 . a b c fastforward sony taps lsi logic for playstation video game cpu chip . fastforward . retrieved 29 january 2014 . a b lsi corporation 10 k 1998 . securities and exchange commission . retrieved 29 january 2014 . corey grice august 7 1998 . short take lsi to take third quarter charge . cnet news . retrieved october 21 2013 . a b c engenio information technologies july 27 2004 . prospectus . form s 1 a. us securities and exchange commission . retrieved october 21 2013 . lsi logic to acquire seeq . ee times . retrieved 29 january 2014 . lsi to buy intraserver for 70 mln . cnet news . retrieved 29 january 2014 . a b tiffany kary march 26 2001 . c cube shares rocket on lsi logic deal . cnet news . retrieved october 20 2013 . 2001 lsi corporation 10 k . securities and exchange commission . retrieved 29 january 2014 . a b natalie weinstein september 4 2001 . lsi completes buy of raid unit . cnet news . retrieved october 21 2013 . 2003 lsi corporation 10 k . retrieved 29 january 2014 . tiffany kary july 2 2002 . lsi to buy big blue unit . cnet news . retrieved october 20 2013 . engenio information technologies august 16 2004 . request to withdraw registration . letter . us securities and exchange commission . retrieved october 21 2013 . data is the future for lsi ceo abhi talwalkar . institutional investor . retrieved 29 january 2014 . a b abhi talwalkar academy of distinguished engineers 2006 . oregon state university . retrieved 29 january 2014 . a b abhi talwalkar . wall street transcript . retrieved 29 january 2014 . a b abhijit y. talwalkar . nndb . retrieved 29 january