Teranetics
| Company type | Public |
|---|---|
| Industry | Semiconductors |
| Founded | 1986 |
| Founder | Mike Salameh |
| Defunct | 2014 |
| Fate | Acquired by Broadcom Inc. |
| Headquarters | United States |
| Products | Integrated circuits, PCI Express and Ethernet solutions |
Number of employees | 40 |
| Parent | Broadcom Inc. |
PLX Technology operated as a producer of integrated circuits with a focus on PCI Express and Ethernet solutions. The company was acquired by Broadcom Inc. (previously Avago Technologies) on August 12, 2014.
History
Established in 1986 by Mike Salameh, PLX Technology went public on April 7, 1999, amid the dot-com bubble. By July of the same year, its stock price had risen by 426% compared to the initial offering.
In July 2000, the company broadened its operations by opening an office in Austin, Texas. PLX enhanced its product lineup through acquisitions, purchasing HiNT in May 2003 for $12.7 million in cash and shares, followed by NetChip Technology in May 2004, which strengthened its PCI and HyperTransport interconnect chip portfolio.
In August 2008, PLX introduced three PCIe switch products integrated with direct memory access (DMA) engines. Later that year, in October, Ralph Schmitt succeeded co-founder Salameh as president and CEO.
January 2009 marked the acquisition of Oxford Semiconductor via stock issuance combined with a $14.2 million promissory note. New PCIe switches were launched in April, and by November, PLX completed designs using advanced 40 nm process technology at TSMC.
By January 2010, the company had shipped over one million network attached storage (NAS) units. To expand its presence in 10 Gigabit Ethernet silicon solutions, PLX acquired Teranetics for $36 million in September 2010.
In October 2011, PLX divested its Abingdon-on-Thames development facility along with IP licenses and a team of 40 employees to OCZ. An attempted takeover by Integrated Device Technology announced in April 2012 was called off in December due to Federal Trade Commission regulatory obstacles.
PLX sold its 10GBASE-T assets to Aquantia Corporation in September 2012.
The corporation was ultimately absorbed by Broadcom Inc. on August 12, 2014.
- Articles with short description
- 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