LSI Corporation

LSI Logic Corporation was incorporated in November 1980 [6] by Wilfred J. Corrigan and began operating in early 1981 using leased facilities in Santa Clara, California. Corrigan recruited co-founders Bill O'Meara (VP Marketing and Sales), Rob Walker (VP Engineering) and Mitchell "Mick" Bohn (CFO) as co-founders. Initial funding of $6 million came from a consortium of venture capitalists, including Sequoia Capital.[6] A second round of $16 million in funding from Sequoia Capital, a group of investment bankers from the UK and First Interstate Bank came In March 1982.

The initial plan called for a line of CMOS gate arrays created from “masterslices” which were uncommitted transistors customized to a specific application by the deposition of unique metal interconnections. The intention was to have the masterslices manufactured by external semiconductor companies and then do the metallization themselves. In order to jump start the business, they licensed an existing CMOS gate array design from California Devices Inc. (CDI) and reverse engineered and improved on an ECL gate array design from Motorola.[7]

The first interactive CAD system was called LSI Design System (LDS). The initial EDA flow was based on simulation from TEGAS and place and route from Silvar-Lisco, integrated on Megatek hardware. What made them unique from other ASIC vendors at the time was that they willing to ship the software to their customers rather than keeping it in-house, which was the strategy used by market leaders at the time. In 1982 they started development of their own in-house CAD tools and moved to Silicon Graphics hardware. By 1988, the EDA industry had developed enough that customers wanted to be able to use 3rd party tools.[7]

Sales grew rapidly and they were able to launch a successful initial public offering on the Nasdaq exchange in May 1983 that brought in $153 million. Stock symbol: LLSI.

In April 1984, LSI Logic formed a Japanese affiliate, Nihon LSI Logic Corporation, and raised $20M in a private offering.

In June 1984, LSI Logic formed a British subsidiary, LSI Logic Ltd, and raised $20M in through a private placement.

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.[8]

In 1987, LSI Logic was among the 14 founding members of SEMATECH, but later withdrew from the organization in January 1992.[9][10][11]

In December 1987, MIPS Computer Systems brought on LSI Logic as a licensee to ability to fabricate the R2000 and R3000 chipsets and provided a license for LSI Logic to implement the MIPS I instruction set architecture (ISA) in ASIC form.

In March 1988, LSI Logic agrees to manufacture and sell the SPARC RISC microprocessor under license from SUN Microsystems. [12]

In October 1988, LSI Logic acquired a controlling stake in Video Seven Inc, a designer, manufacturer, and marketer of PC graphics boards[13]

In April 1989, LSI Logic merged its G-2 Inc PC chipsets and Video Seven Inc graphics chip buses to create Headland Technology Inc, a subsidiary to be run by LSI Logic founder Bill O'Meara[14]

In October 1989, LSI Logic transferred its stock listing from NASDAQ: LLSI to NYSE: LSI.[15]

In July 1991, LSI Logic entered into an agreement with Sanyo Electric of Japan to make a set of chips that translate an HDTV signal into a television image.[16][17]

In July 1992, LSI Logic announced CoreWare subsystems as part of its ASIC design flow .[18]

In 1993, Sony Computer Entertainment chose LSI Logic as their ASIC partner, charged with fitting the PlayStation CPU on a single chip.[19] LSI's CoreWare could do it, while other offers made to Sony needed two chips.[19] Sony also worked with LSI's engineers develop the graphics engine, DMA controller, I/O and bus controllers.[19]

In 1995, LSI Logic acquired all the remaining shares (45%) of its Canadian subsidiary LSI Logic Corporation of Canada, Inc., which it did not already own.[20]

In 1997, LSI Logic acquired Mint Technology, an engineering services company.[20]

In August 1998, LSI Logic acquired Symbios Logic from Hyundai Electronic for $760 million cash.[21]

In February 1999, LSI Logic acquired Seeq Technology for $106 million in stock, adding physical-layer based Ethernet technology to LSI's product line.[22]

In January 2000, LSI Logic established a $50M venture fund to invest in startups in the communication sector.[23]

In May 2000, LSI Logic acquired IntraServer for $70 million, with expectations to add their rapidly expanding customer base to LSI's own.[24][25]

LSI 9207-8i SAS host adapter

In November 2000, LSI Logic acquired Syntax Systems, and in August 2001 the groups merged to become LSI Logic Storage Systems, and later Engenio Information Technologies.[26]

In March 2001 LSI Logic acquired C-Cube Microsystems, a video compression semiconductor company, for $878 million in stock.[2][27]

In September 2001 LSI Logic acquired the RAID adapter division from American Megatrends in a $221 million cash transaction.[28] Included in this deal, LSI received AMI's MegaRAID software intellectual property, host bus adapter products and 200 RAID employees.[28]

In January 2002 LSI Logic and Storage Technology Corporation (StorageTek) entered an alliance making StorageTek the distributor of their co-branded storage products.[29]

In August 2002 LSI Logic acquired Mylex from IBM, to expand its storage technologies.[30]

In November 2003, LSI Logic sold its Tsukuba, Japan wafer fabrication facility to ROHM Company, Ltd. for $23.5 million.[31]

The Engenio division of LSI Logic filed for its own IPO in 2004, but withdrew citing adverse market conditions after the burst of the dot-com bubble.[26]

LSI Corporation logo, launched along with the Agere Systems merger and rebranding in 2007.

In May 2005, Abhi Talwalkar joined LSI Logic as president and CEO, and was also appointed to the board of directors.[32][33] Talwalkar was an executive at Intel Corporation before joining LSI.[34][35] 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.[36]

In April 2006, LSI Logic sold the Gresham, Oregon design and manufacturing facility to ON Semiconductor for $105 million in cash[37]

In October 2006, LSI Logic agreed to an all-stock merger with Agere Systems worth about $4 billion.[4][38]

March 2007, LSI Logic acquired SiliconStor Inc., a provider of semiconductor solutions for enterprise storage networks, for approximately $55 million in cash.[39]

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.[4]

July 2007, Magnum Semiconductor Inc. a spin-off of Cirrus Logic Inc., acquired LSI'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.[40]

August 2007, LSI signed an agreement with STATS ChipPAC Ltd to sell its Pathumthani, Thailand semiconductor assembly and test operations for $100 million.[41]

In October 2007, LSI acquired Tarari, a maker of silicon and software, for $85 million in cash.[42]

October 2007 LSI 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.[43]

April 2009, LSI bought the 3ware RAID adapter business of Applied Micro Circuits Corporation.[44]

July 2009, LSI acquires NAS vendor ONStor, Inc. for $25 million.[45]

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]

January 2012, LSI completed the acquisition of SandForce, which produced flash memory controllers (for $370 million reported in October 2011).[46] 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.[46][47][48] 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.[47][49][50]

December 2012, LSI Corporation transferred its stock listing from NYSE: LSI to NASDAQ (Global Select Market): LSI.[51]

On December 16, 2013, Avago Technologies (which later acquired Broadcom Corp, then renamed itself as Broadcom LTD, then in 2018 changed its name to Broadcom Inc.[52]) announced it would be acquiring LSI Corporation for $6.6 billion in cash. The transaction closed on May 6, 2014.[53][54]