Items tagged with adaptec

Ready for a little "inside baseball" when it comes to storage and semiconductors? PMC-Sierra, which bills itself as the "premier Internet infrastructure semiconductor solution provider," has today announced that it has entered into a definitive agreement with Adaptec in order to acquire their channel storage business. The channel storage business includes Adaptec's RAID storage product line, board logistics capabilities and SSD cache performance solutions. The deal requires PMC-Sierra to pay approximately $34 million in cash for the acquisition and assume certain liabilities related to the business, and it's expected that the deal will close in 30 days if all closing conditions are met. So, why... Read more...