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Product category: Communications ICs (Wired)
News Release from: LSI Europe
Edited by the Electronicstalk Editorial Team on 28 June 2007
LSI to shed consumer products business
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Magnum Semiconductor is to acquire the LSI consumer products business, leaving LSI to focus its investments on its storage, networking and mobility market segments.
LSI Corp and Magnum Semiconductor have entered into a definitive agreement under which Magnum will acquire the LSI consumer products business in a transaction to be funded by private equity investment The combination of each company's consumer products portfolio is expected to allow Magnum to strengthen its position as a leading provider of chips, software and platforms for consumer entertainment systems
This article was originally published on Electronicstalk on 23 May 2001 at 8.00am (UK)