PLX Technology
| File:PLX Technology wordmark.svg | |
| Founded | 1986 |
|---|---|
| Founder | Mike Salameh |
| Defunct | August 14, 2014 |
| Fate | Acquired by Broadcom Inc. |
| Headquarters | Sunnyvale, California |
PLX Technology was a manufacturer of integrated circuits focused on PCI Express and Ethernet technologies. On August 12, 2014, Broadcom Inc. (formerly Avago Technologies), acquired the company.
History
[edit | edit source]The company was founded in 1986 by Mike Salameh.
On April 7, 1999, during the dot-com bubble, the company became a public company via an initial public offering.[1]
By July 1999, shares were up 426% since the IPO price.[2]
In July 2000, the company opened an office in Austin, Texas.[3]
In May 2003, the company acquired HiNT for $12.7 million in cash and stock.[4][5]
In May 2004, the company acquired NetChip Technology.[6]
In August 2008, the company launched three PCIe switch devices with integrated direct memory access engines.[7]
In October 2008, Ralph Schmitt was named president and CEO of the company, replacing co-founder Mike Salameh.[8][9]
In January 2009, the company acquired Oxford Semiconductor for 5.6 million shares of PLX common stock, and a promissory note for $14.2 million.[10][11][12]
In April 2009, the company released new PCIe switches.[13]
In November 2009, the company completed a new design on 40 nm process technology at TSMC, a half-node of TMSCs 45 nm process.[14]
In January 2010, the company shipped its one-millionth network attached storage device.[15]
In September 2010, the company acquired Teranetics for $36 million.[16][17]
In October 2011, the company sold its development centre in Abingdon-on-Thames, IP licences, and a 40-person team to OCZ.[18]
In April 2012, Integrated Device Technology announced an agreement to acquire the company. However, in December 2012, the agreement was terminated after the Federal Trade Commission challenged the merger.[19]
In September 2012, the company sold its 10GBASE-T assets to Aquantia Corporation.[20]
On August 12, 2014, Broadcom Inc. acquired the company.[21]
References
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- 1986 establishments in California
- 2014 disestablishments in California
- 1999 initial public offerings
- 2014 mergers and acquisitions
- American companies established in 1986
- American companies disestablished in 2014
- Companies formerly listed on the Nasdaq
- Computer companies established in 1986
- Computer companies disestablished in 2014
- Defunct computer companies of the United States
- Defunct computer hardware companies
- Dot-com bubble
- Defunct computer companies based in California