LSI to acquire SandForce for $322 million
Chipmaker LSI said today it has signed a deal to acquire privately held flash storage processor provider SandForce for $322 million in cash.
The acquisition will give the Milpitas, Calif.-based-semiconductor maker--previously known as LSI Logic--an expanded presence in the fast-growing market for solid-state drives made with NAND flash memory chips, like those typically found in smartphones and tablet computers. As flash prices decline, demand for flash SSDs is expected to overshadow traditional hard drives.
"Adding SandForce's technology to LSI's broad storage portfolio is consistent with our mission to accelerate storage and networking," LSI Chief Executive … Read more