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PLX Technology

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PLX Technology
Founded1986; 38 years ago (1986)
FounderMike Salameh
DefunctAugust 14, 2014; 10 years ago (2014-08-14)
FateAcquired by Broadcom Inc.
HeadquartersSunnyvale, California
PLX Technology PEX8606 PCI Express switch on a PCI Express ×1 card, creating multiple endpoints out of one endpoint and allowing it to be shared by multiple devices

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]

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.[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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  1. ^ "Claimsnet.com IPO Soars, Outshining Debut by PLX". The Wall Street Journal. April 7, 1999.
  2. ^ Tharp, Paul (July 2, 1999). "DON'T BELIEVE THE FIRST-DAY IPO HYPE". New York Post.
  3. ^ "PLX Technology opens Austin office". American City Business Journals. July 10, 2000.
  4. ^ "PLX Technology and HiNT Corp. Sign Merger Agreement; Combined Company Will Provide Broad Range of PCI, PCI-X, and HyperTransport Interconnect Chips" (Press release). Business Wire. May 7, 2003.
  5. ^ "PLX to buy HiNT in $15 million deal". EE Times. May 7, 2003.
  6. ^ "PLX Technology Announces Completion of NetChip Technology Acquisition; Provides Business Outlook for Combined Company; Conference Call Today at 6:00 a.m. PDT" (Press release). Business Wire. May 25, 2004.
  7. ^ "PLX Launches Industry's First PCI Express Switches With Integrated DMA" (Press release). Business Wire. August 18, 2008.
  8. ^ "PLX Technology names CEO". American City Business Journals. October 27, 2008.
  9. ^ McGrath, Dylan (October 27, 2008). "Former Cypress exec to head PLX Tech". EE Times.
  10. ^ "PLX Technology completes acquisition of Oxford Semiconductor". American City Business Journals. January 5, 2009.
  11. ^ "PLX completes acquisition of Oxford Semi". EE Times. January 5, 2009.
  12. ^ "PLX Technology Closes Acquisition of Oxford Semiconductor" (Press release). Business Wire. January 5, 2009.
  13. ^ "PLX Expands Leadership with New PCI Express Switch Configurations, Unique Features" (Press release). Business Wire. April 13, 2009.
  14. ^ "PLX Technology Completes First Design on Advanced 40nm Process Technology" (Press release). Business Wire. November 2, 2009.
  15. ^ "PLX Exceeds One Million NAS Units Shipped, Market Acceptance Validated" (Press release). Business Wire. January 20, 2010.
  16. ^ Merritt, Rick (September 24, 2010). "PLX acquires Teranetics in $36M deal". EE Times.
  17. ^ "PLX Technology to Acquire Teranetics, the Leading Supplier of 10 Gigabit Ethernet Silicon" (Press release). Business Wire. September 23, 2010.
  18. ^ Mellor, Chris (October 6, 2011). "OCZ buys PLX PCIe design smarts operation". The Register.
  19. ^ "IDT and PLX Technology Announce Termination of Proposed Transaction and IDT Withdraws Exchange Offer for PLX Technology Shares" (Press release). Integrated Device Technology. December 19, 2012.
  20. ^ "Aquantia Acquires 10GBASE-T Assets From PLX Technology" (Press release). Aquantia Corporation. September 17, 2012.
  21. ^ "Avago Technologies Limited Successfully Completes Tender Offer for Shares of PLX Technology, Inc. -- Acquisition to Close Today" (Press release). Globe Newswire. August 12, 2014.
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