Intel is buying from Avago network business of LSI

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POSTER: computer news   ||   INTEL IS BUYING FROM AVAGO NETWORK BUSINESS OF LSI	DATE:2014-08-15
Avago Technologies and Intel appeared a joint press release, briefly narrating their joint deal.  It is reported that agreement was reached on the sale of Intel division Axxia Networking Business of Avago.  More precisely, Axxia Networking Business Unit until recently belonged to LSI company , the absorption of which the company Avago completed in May this year. Amount of the transaction is estimated at $ 650 million. Completion of the transaction is expected during the fourth quarter this year.  With the assets Axxia Networking into Intel will join approximately 650 people highly qualified personnel.  Add at the end of last year, this division brought the company LSI $ 113 million. Revenue. A long time ago, Intel  engaged in networking products.  It produced both active and passive equipment: network cards, routers, switches, cables and so on.  Then for a period of about 10 years this area was abandoned.  In recent years, Intel returns to the roots.  Firstly, it switched to the production of equipment for service providers and network operators.  These are elements of infrastructure for mobile networks and cloud services.  Also, Intel began to integrate the network modules in processors controllers and   to develop  interfaces.  Buying Group Axxia Networking also fits into these processes.  Specify, as part of LSI Axxia Networking Group has been developing enterprise-class gateways and wireless communications. The deal amounted to $ 6.6 billion. To do this, Avago's had to take a loan.  Even at that time it was not clear why the manufacturer predominantly analog semiconductors must be so costly purchase.  Responsible - for diversification of production.  However, in May the company sold two Avago SSD-LSI division of Seagate, and now sells Axxia Networking Group of Intel.         Related Products :

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