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Seagate to buy LSI's flash storage business from Avago for $450M

2014-05-30 18:16:17| InfoWorld: Top News

Seagate Technology will buy LSI's flash storage business from Avago Technologies for $450 million in cash. The deal will expand Seagate's offerings and future capabilities in the fast-growing flash storage business. The assets include LSI's ASD (Accelerated Solutions Division), which makes enterprise-class products with PCIe interfaces, and the FCD (Flash Components Division), known for the popular SandForce line of controllers for high-volume flash components. Seagate expects the transaction to close in the third quarter of this year.

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