LSI To Purchase AMCC 3ware RAID Adapter Business

LSI Corporation has agreed to acquire the assets and certain associated intellectual property of the 3ware RAID adapter business of Applied Micro Circuits Corporation (AMCC) for approximately $20 million in cash. 3ware products include SAS and SATA RAID adapters designed to offer cost-effective, high-performance, high-capacity storage solutions for a broad range of applications. 3ware adapters are sold to end users through a worldwide network of channel partners including leading storage distributors and system builders.
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