Sunday, March 18, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Facebook Suspends Data Analytics Firm Which Worked on the Trump Presidential Campaign
Standalone Oculus Go Headset Could Debut Next Month
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Samsung Galaxy S9 and S9+ Go On Sale
Samsung in Talks With Boeing to Bring Mobile Tech To Planes
Samsung's Galaxy S9 Said to Use Chinese Optical Parts
Facebook Lite to Come in the U.S. and Elsewhere
Android Wear Becomes Wear OS by Google
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Seagate...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 29, 2014
Seagate to Acquire LSI's Flash Businesses

Seagate is trying to enter the PCIe market and strengthen its SSD controller capabilities with the acquisition of LSI's flash business from Avago Technologies.

Seagate and Avago have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSI's Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago for $450 million in cash.

The acquisition providing Seagate with Enterprise PCIe flash and SSD controller capabilities to deliver solutions for the growing flash storage market.

LSI?s ASD business, which is the second largest player in the PCIe flash space, offers an enterprise-grade PCIe flash solution focused on the cloud and hyperscale markets. LSI's FCD business, led by its SandForce SF2000 and SF3700 controller products, is driving a multi-product SSD roadmap.

In fiscal 2015, Seagate would expect the combination of its enterprise SSD product line and these SSD Controller families to generate revenues of at least $150 million and be slightly accretive to the company gross margin with operating margin headwind of $30 to $40 million. As Seagate drives operational synergies and leverages its SSD technology into its product portfolio, the company would expect the operating margin contribution from its SSD business to be neutral to positive in fiscal 2016 and beyond.

The transaction is expected to close in the third quarter of calendar year 2014, subject to the satisfaction of customary closing conditions and the receipt of certain regulatory approvals.

Avago Technologies had completed its acquisition of LSI Corporation in an all-cash transaction valued at approximately $6.6 billion earlier this month.

Google To Block Malicious Chrome Extensions        All News        DISH To Start Accepting Bitcoin
Phablet Shipments Bite IDC's Tablet Projections for 2014     PC Parts News      ADATA Relases SP910 and SP900 SSDs

Get RSS feed Easy Print E-Mail this Message

Related News
Seagate Releases Far Cry 5 Special Edition HDD for PS4
Save Your Pirate Stories on the New Seagate "Sea of Thieves" Game Drive for Xbox
Seagate Showcases New Mobile Data Storage Solutions at CES 2018
Seagate Says Multi Actuator Technology Can Double Performance of Hard Drives
Seagate Launches SkyHawk Drive For AI-Enabled Surveillance
Seagate Sees 20TB HAMR Drives Coming in 2019
Seagate Guardian Series Now Includes 12TB Drives for NAS and Desktops
Seagate Revs Up Nytro Flash Storage Portfolio
Store More PlayStation 4 Games with Seagate's New 2TB Game Drive
Seagate Delivers 8TB Game Drive Hub for Xbox Gamers
Seagate's Latest Game Drive Released
Seagate And DJI Announce New Portable Drive For Storing Drone Footage

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .