News Posts matching "Avago Technologies"

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Avago Expands Industry-Leading Family of 12Gb/s SAS Host Bus Adapters

Avago Technologies (NASDAQ: AVGO) today announced it is expanding its industry-leading family of 12Gb/s SAS Host Bus Adapters (HBAs) by shipping new 16-port solutions. The new 9300-16i HBA will join the Avago family of high port count SAS HBAs. With the versatility of 16 ports using internal or external storage connectivity, 12Gb/s SAS bandwidth, and nearly 2 million IOPS of performance, the Avago SAS 9300 HBA family, which offers 4-, 8- and 16-port options, enables OEMs and system builders to deliver maximum connectivity for high-end servers and storage systems that exceed the most demanding requirements for data centers, web, and cloud.

As part of the industry's broadest portfolio of 12Gb/s SAS storage solutions, the Avago SAS 9300 16-port HBA family is an ideal solution for large scale-out storage requirements. With the Avago SAS 9300 16-port HBA, IT departments can now deploy fewer servers with more available storage ports, which translates into measurable cost savings, reduced data center footprint, and lower power consumption.

TSMC 16FinFET Plus Process Achieves Risk Production Milestone

TSMC today announced its 16-nanometer FinFET Plus (16FF+) process is now in risk production. This enhanced version of TSMC's 16FF process operates 40% faster than the company's planar 20-nanometer system-on-chip (20SoC) process, or consumes 50% less power at the same speed. It offers customers a new level of performance and power optimization targeted at the next generation of high-end mobile, computing, networking, and consumer applications.

TSMC's 16nm process offers an extended scaling of advanced SoC designs and is verified to reach speeds of 2.3GHz with ARM's "big" Cortex-A57 in high-speed applications while consuming as little as 75mW with the "LITTLE" Cortex-A53 in low-power applications. It is making excellent progress in yield learning, and has achieved the best technology maturity at the same corresponding stage as compared to all TSMC's previous nodes.

Seagate Completes Acquisition of LSI's Flash Businesses from Avago

Seagate Technology plc, a world leader in storage solutions, today announced it has completed its previously announced acquisition of the assets of LSI's Accelerated Solutions Division ("ASD") and Flash Components Division ("FCD") from Avago Technologies Limited.

"There is a growing opportunity for mobile and enterprise flash-based storage solutions, which is why we're excited about this strategic technology acquisition," said Steve Luczo, Seagate Chairman and CEO. "Integrating LSI's Enterprise PCIe flash and SSD controller products, and its engineering capabilities into Seagate's leading storage technology portfolio and product development will expand our ability to meet a broader base of customers' needs and drive new revenue opportunities."

Avago Selling LSI's Axxia Networking Business to Intel for $650 Million

Avago Technologies Limited and Intel Corporation today announced the signing of a definitive agreement for Intel to acquire LSI's Axxia Networking Business and related assets for $650 million in cash. The transaction, which has been approved by the boards of directors for both Avago and Intel, is expected to close in the fourth calendar quarter of 2014 upon satisfaction of government approvals and customary closing conditions.

LSI's Axxia Networking Business is being divested from Avago following the recent completion of Avago's acquisition of LSI. The Axxia Networking Business generated revenues of $113 million in calendar 2013 and employs approximately 650 people.

LSI SandForce Controllers Demonstrate Breakthrough Performance and Endurance

LSI, an Avago Technologies Company, today announced breakthrough performance and endurance demonstrations of its third-generation SandForce SF3700 flash controller. After successfully introducing industry-leading sequential performance of 1800 MB/s, the SF3700 is now demonstrating mixed 80/20 (read/write) workload performance of up to 1300 MB/s with a native PCIe interface. This incredible real-world performance is supported by the integrated SHIELD error correction with hard and soft LDPC and DSP technology, engineered to meet the associated endurance requirements.

The SF3700 performance and endurance represents a substantial improvement over competitive flash controller designs. Unlike current solutions, the SF3700 controller is optimized and architected for bi-directional PCIe traffic, unlocking the maximum performance capability to meet requirements for client and enterprise applications.

Avago Technologies Limited to Acquire PLX Technology

Avago Technologies Limited and PLX Technology, Inc. today announced that they have entered into a definitive agreement under which Avago will acquire PLX, a leader in PCI Express silicon and software connectivity solutions, in an all-cash transaction valued at approximately $309 million, or $293 million net of cash and debt acquired.

Under the terms of the agreement, which was approved by the Boards of Directors of both companies, a subsidiary of Avago will commence a tender offer for all of the outstanding shares of PLX common stock for $6.50 per share in cash. Avago expects to fund the transaction with cash available on its balance sheet.

Seagate to Acquire LSI Flash Businesses From Avago

Seagate Technology plc, a world leader in storage solutions, and Avago Technologies Limited, a leading semiconductor device supplier to the enterprise storage, wired, wireless and industrial end markets, today announced that they have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSI's Accelerated Solutions Division ("ASD") and Flash Components Division ("FCD") from Avago for $450 million in cash.

The acquisition strengthens Seagate's strategy to deliver a full suite of storage solutions, providing Seagate with established Enterprise PCIe flash and SSD controller capabilities to deliver solutions for the growing flash storage market. LSI's ASD business, which is the second largest player in the PCIe flash space, offers a highly differentiated enterprise-grade PCIe flash solution focused on the high-growth cloud and hyperscale markets. LSI's FCD business, led by its SandForce SF2000 and SF3700 controller products, is driving a multi-product roadmap to address volume markets.

Micron Technology Licenses Avago Technologies' 30G SerDes for Hybrid Memory Cube

Avago Technologies, a leading supplier of analog interface components for wireless, wireline, and industrial applications, today announced that Micron Technology, Inc. (NASDAQ: MU) has licensed Avago's 28nm Low Power 30Gbps Serializer/Deserializer (SerDes) IP for use in Micron's next generation Hybrid Memory Cube (HMC) devices.

"Avago is an established leader in the development and delivery of high-speed SerDes cores with an offering that is very well suited for integration into our HMC product line," said Tom Eby, vice president of Micron's Compute and Networking Business Unit. "Based on its advanced performance and low power, we are confident that our customers will benefit from the presence of the Avago SerDes on both sides of the memory channel."

LSI Reports Fourth Quarter and Full Year 2013 Results

LSI Corporation (NASDAQ: LSI) today reported results for its fourth quarter ended December 31, 2013. On December 15, 2013, LSI entered into a definitive agreement with Avago Technologies Limited (NASDAQ: AVGO) under which Avago has agreed to acquire LSI for $11.15 per share in an all-cash transaction valued at approximately $6.6 billion. In anticipation of this transaction, which is expected to close in the first half of 2014, LSI will not issue financial guidance for the upcoming quarter or conduct a fourth quarter results conference call. LSI has also discontinued its quarterly dividend and stock repurchases.

"We ended the year on a strong note, with solid quarterly results and the announcement of Avago's proposed acquisition of LSI," said Abhi Talwalkar, LSI's president and CEO. "Our employees did a great job in the quarter and in the year, bringing several exciting new products to market and expanding our capabilities to better serve our growing customer base in flash storage, datacenters and mobile networks."

Avago Technologies to Acquire LSI Corporation for $6.6 Billion

Avago Technologies Limited and LSI Corporation today announced that they have entered into a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion. The acquisition creates a highly diversified semiconductor market leader with approximately $5 billion in annual revenues by adding enterprise storage to Avago's existing wired infrastructure, wireless and industrial businesses. The combined company will be strongly positioned to capitalize on the growing opportunities created by the rapid increases in data center IP and mobile data traffic.

"This highly complementary and compelling acquisition positions Avago as a leader in the enterprise storage market and expands our offerings and capabilities in wired infrastructure, particularly system-level expertise," stated Hock Tan, President and Chief Executive Officer of Avago. "This combination will increase the Company's scale and diversify our revenue and customer base. In addition to these powerful strategic benefits, as we integrate LSI onto the Avago platform, we expect to drive LSI's operating margins toward Avago's current levels, creating significant additional value for stockholders."
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