M&A Deal Summary

LSI Acquires NeoMagic s Engineering Development

On April 14, 2000, LSI acquired semiconductors company NeoMagic s Engineering Development from NeoMagic for 15M USD

Acquisition Highlights
  • This is LSI’s 3rd transaction in the Semiconductors sector.
  • This is LSI’s 14th largest (disclosed) transaction.
  • This is LSI’s 3rd transaction in the United States.

M&A Deal Summary

Date 2000-04-14
Target NeoMagic s Engineering Development
Sector Semiconductors
Buyer(s) LSI
Sellers(s) NeoMagic
Deal Type Divestiture
Deal Value 15M USD

Target

NeoMagic s Engineering Development

United States
NeoMagic's optical read-channel mixed-signal design team and RF intellectual property for use in high-volume communications solutions.

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Buyer(S) 1

Buyer

LSI

San Jose, California, United States

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 3 of 18
Sector: Semiconductors M&A 3 of 11
Type: Divestiture M&A Deals 1 of 5
Country: United States M&A 3 of 17
Year: 2000 M&A 1 of 6
Size (of disclosed) 14 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-22 SEEQ Technology

Fremont, California, United States

SEEQ Technology, Inc., is a manufacturer of data communications semiconductor products. Headquartered in Fremont, California, the company is a LAN pioneer, having introduced the first integrated Ethernet controller in 1982.

Buy $106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-10 CacheWare s Ark Research

United States

Ark Research offers a flexible SAN appliance solution for automatically mirroring data to storage devices throughout the enterprise, without consuming server or communications network resources. Supporting open SAN implementations, Ark Research appliances provide fully heterogeneous remote disk mirroring using any server or storage platform.

Buy $23M

Seller(S) 1

SELLER

NeoMagic

Milpitas, California, United States

Category Company
Founded 1993
Sector Semiconductors
Employees4
Revenue 2M USD (2010)
DESCRIPTION

NeoMagic is a fabless semiconductor company and supplier of low-power audio and video integrated circuits for mobile use (MagicMedia). NeoMagic was founded in 1993 and is based in Milpitas, California.


DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2000 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Advanced Microwave

Milpitas, California, United States

Advanced Microwave is a manufacturer of analog, RF, microwave, and signal processing components and subsystems. The Company also designs and manufactures built-to-print products in small or large quantities. Advanced Microwave was established in 1995 and is based in Milpitas, California.

Buy -