Broadcom completed the sale of certain Ethernet controller-related assets to QLogic Corporation for approximately $147 million in cash.
The sale includes certain 10/40/100Gb Ethernet controller-related assets and non-exclusive licenses to intellectual property relating primarily to Broadcom’s programmable NetXtreme II Ethernet controller family.
The companies have entered into a long-term supply agreement whereby Broadcom will become ASIC supplier to QLogic in support of the NetXtreme II product line. QLogic also licensed certain Broadcom patents under a non-exclusive patent license agreement that covers QLogic’s Fibre Channel products in exchange for a license fee of $62 million.
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In January, Brocade has sold its network adapter business to QLogic for an undisclosed sum. This deal included the entire Brocade network adapter product portfolio:
- Brocade 1860 Fabric Adapters
- Brocade 815/825 and 415/425 Fibre Channel Host Bus Adapters, or HBAs
- Brocade 1010/1020 Converged Network Adapters, or CNAs
- HBA and CNA mezzanine adapters for select OEM partners.
The companies also agreed to work together closely to affirm their commitment to the storage area networking industry, collaborate on the development of the next generation Gen 6 Fibre Channel technology, and strengthen the Fibre Channel vendor ecosystem for the benefit of mutual customers.
Brocade said the sale enables it to focus on meeting the data center networking needs of customers through next-generation fabrics and software defined networking — the two critical building blocks for modern data centers.
