Sunday, December 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > PC Parts > PMC Acq...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 29, 2013
PMC Acquires PCI Express Flash Controller Business and Team from IDT


PMC has entered into a definitive agreement to acquire Integrated Device Technology, Inc.?s (IDT) Enterprise Flash Controller Business and certain PCI Express (PCIe) Switch assets for $100 million, subject to certain purchase price adjustments.

IDT's Enterprise Flash Controller Business accelerates PMC's entrance into the enterprise solid-state drive (SSD) market with PCIe flash controllers, including the first NVM Express (NVMe) flash controller. PMC believes that it will be able to improve its time-to-market by approximately two years due to the early product leadership and a robust design win pipeline, including wins spanning tier one datacenter, original equipment manufacturer (OEM) and SSD customers.

"Flash-based storage is causing a major disruption in enterprise storage due to the dramatic performance advantages of solid-state drives," said Greg Lang, president and chief executive officer of PMC. "IDT's PCIe controllers are particularly well suited for server-based SSDs targeted at cloud data center customers. The acquisition of IDT's Enterprise Flash Controller Business is a strong complement to our current enterprise 12Gb/s SAS SSD controller product offering."

As part of the transaction, PMC will acquire IDT?s Enterprise Flash Controller Business, including all related intellectual property (IP), certain PCIe Switch technology and 75 patents overall. The Company expects to make employment offers to approximately 50 employees.

The board of directors of PMC and the board of IDT have approved the transaction. It is expected to close in the third quarter of 2013, subject to certain regulatory approvals and other customary closing conditions specified in the definitive agreement.


Previous
Next
LG Brings Optimus G PRO In Asia        All News        Pioneer Incorporates Class D3 Amplifier in $1K Elite SC-71 and SC-72 Home Theater Receivers
Amazon Kindle Hits Chinese Market     PC Parts News      Toshiba Unveils Portégé Z10t Detachable Ultrabook

Get RSS feed Easy Print E-Mail this Message

Related News
PMC Delivers 16-port SAS and SATA Storage Controllers
PMC Flashtec Memory Drives Promise To Deliver 10X the Performance of Flash SSDs
PMC Unveils Complete 12Gb/s SAS Storage Solution
PMC Releases First Encrypted PCIe Gen3 for Secure Data Center Storage
BPP Disk Encryption software v6.1 by PMC Ciphers

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .