PMC-Sierra was a global fabless semiconductor company with offices worldwide that developed and sold semiconductor devices into the storage, communications, optical networking, printing, and embedded computing marketplaces.
On January 15, 2016, Microsemi Corporation completed the acquisition of PMC-Sierra through Microsemi's subsidiary Lois Acquisition[1] and Microchip Technology completed the acquisition of Microsemi on May 29, 2018.[2]
History
Sierra Semiconductor was founded in 1984 in San Jose, California by James Diller. It received funding on January 11, 1984 from Sequoia Capital, and went public in 1991.
Pacific Microelectronics Centre (PMC) in Burnaby, British Columbia, Canada, was spun off from Microtel Pacific Research (the research arm of BC TEL at the time) to develop Asynchronous Transfer Mode (ATM) and later SONET integrated circuits (chips). With investment from Sierra Semiconductor, PMC was established in 1992 as a private company focused on providing networking semiconductors, and became a wholly owned, independently operated subsidiary of Sierra Semiconductor in 1994.