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LSI Logic acquires India-based SoC supplier

Posted: 24 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:LSI Logic? Metta Technology? multimedia SoC? multimedia SoCs? SoC?

Silicon solutions provider LSI Logic Corp. has acquired multimedia SoC technology supplier Metta Technology Inc. of India for about $7 million.

"Through the acquisition of Metta Technology, we are increasing our focus on delivering the advanced, feature-rich solutions required by next generation digital video and edutainment products," said Umesh Padval, executive VP of LSI Logic's consumer products group. "We are excited to add the significant experience of the Metta team to LSI and anticipate it will improve our competitiveness as we address these growing consumer opportunities."

According to the agreement, LSI has acquired all outstanding Metta Technology capital stock. Meanwhile, LSI has retained the Metta Technology workforce of about 60 employees, who joined the LSI Consumer Products Group upon closing of the transaction.

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