Avago Acquires PLX Technology for US$309 Million
Just late last year, we reported that Singapore-based Avago Technologies was acquiring LSI Corporation for a whopping US$6.6 billion in an attempt to bolster and increase its presence in the enterprise storage and networking space, specifically the enterprise datacenter market.
To further increase its capabilities, Avago has just announced a US$309 million cash deal to acquire PLX Technology. For most of us, PLX Technology is perhaps most well known for its PCIe switching chips that is used in high-end motherboards, such as the MSI Z97 XPower AC.
Of the deal, Avago CEO Hock Tan said, "The core PLX PCIe silicon business fits very well with the Avago business model and broadens Avago's portfolio serving the enterprise storage and networking end markets. Following the closing of the transaction, we are excited to welcome the PLX team to Avago, and we are committed to continue to invest in the PLX PCIe platform."
Avago also recently sold LSI Corporation's flash business units to Seagate.
Source: Storage Newsletter