M&A Deal Summary

LSI Acquires Agere Systems

On April 2, 2007, LSI acquired semiconductors company Agere Systems for 4.0B USD

Acquisition Highlights
  • This is LSI’s 9th transaction in the Semiconductors sector.
  • This is LSI’s largest (disclosed) transaction.
  • This is LSI’s 14th transaction in the United States.
  • This is LSI’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2007-04-02
Target Agere Systems
Sector Semiconductors
Buyer(s) LSI
Deal Type Merger
Deal Value 4.0B USD

Target

Agere Systems

Allentown, Pennsylvania, United States
Agere Systems, Inc. is a manufacturer of integrated circuit components. Agere was formed in 2000 and is based in Allentown, Pennsylvania.

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Buyer(S) 1

Buyer

LSI

San Jose, California, United States

website

Category Company
Founded 1980
Sector Semiconductors
Revenue 2.4B USD (2013)
DESCRIPTION

LSI Corp. is a provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software.

DEAL STATS #
Overall 14 of 18
Sector (Semiconductors) 9 of 11
Type (Merger) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 14 of 17
Year (2007) 2 of 3
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-16 SiliconStor

Fremont, California, United States

SiliconStor, Inc. is a provider of multiplexer chips for enterprise storage networks. SiliconStor makes an active active multiplexer a chip that makes single-port SATA drives look like dual-port drives, doubling bandwidth. SiliconStor is headquartered in Fremont, California.

Buy $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-20 LSI - Mobility Products Group

San Jose, California, United States

LSI - Mobility Products Group comprises mainly mobile radio base band processors and platforms that complement Infineon’s existing portfolio.

Sell €367M
Mergr

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