In 2014, Avago Technologies acquired LSI Corporation, which had previously merged with Agere Systems in 2007. Pennsylvania-based Agere was an integrated circuit components company and also had facilities in Florida, Texas, India, China, Israel and the Netherlands.Continue Reading
The merger between Agere and LSI enabled Agere shareholders to trade their Agere stock for shares in LSI stock. The merger was mutually agreed upon by shareholders from both companies. At the time of the merger, the new combined company conducted operations in more than 20 countries and held over 10,000 issued and pending U.S. patents. LSI primarily manufactured microchips for use in data storage, such as hard drives and flash drives.
Avago's 2014 acquisition of LSI was valued at $6.6 billion and solidified Avago's hold on the Lehigh Valley. This acquisition led to dozens of layoffs of former LSI employees, which the company insisted were planned before the merger took place.
Avago designs and develops electronic components and subsystems with a focus on semiconductor design and processing. The major markets that Avago targets include wireless communications, enterprise storage, wired infrastructure and industrial. Avago maintains the highest of quality control standards for its products and ensures that all suppliers adhere to these standards as well. All Avago products are lead-free and RoHS compliant.Learn more about Corporations