2005 to 2014
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.[3][39]
In March 2007, LSI Logic acquired SiliconStor Inc., a provider of semiconductor solutions for enterprise storage networks, for approximately $55 million in cash.[40]
In 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.[3]
In 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]
In 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]
That month, 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]
In April 2009, LSI Corporation bought the 3ware RAID adapter business of Applied Micro Circuits Corporation.[45]
In July 2009, LSI Corporation acquires NAS vendor ONStor, Inc. for $25 million.[46]
In March 2011, LSI Corporation announced its sale of its Engenio external storage systems business to NetApp for $480 million in cash.[47] The sale of the Engenio division, which generated revenues of $705 million in 2010, completed in May.[47]
In January 2012, LSI Corporation completed the acquisition of SandForce, which produced flash memory controllers (for $370 million reported in October 2011).[48] 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.[48][49][50] 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.[49][51][52]
In December 2012, LSI Corporation transferred its stock listing from NYSE: LSI to NASDAQ (Global Select Market): LSI.[53]
On December 16, 2013, Avago Technologies (which later acquired Broadcom Corporation, then renamed itself as Broadcom Ltd., then in 2018 changed its name to Broadcom Inc.[54]) announced it would be acquiring LSI Corporation for $6.6 billion in cash. The transaction closed on May 6, 2014.[55][56]
