PLX Technology was a manufacturer of

integrated circuit An integrated circuit or monolithic integrated circuit (also referred to as an IC, a chip, or a microchip) is a set of electronic circuits on one small flat piece (or "chip") of semiconductor material, usually silicon. Large numbers of tiny ...

s focused on

PCI Express PCI Express (Peripheral Component Interconnect Express), officially abbreviated as PCIe or PCI-e, is a high-speed serial computer expansion bus standard, designed to replace the older PCI, PCI-X and AGP bus standards. It is the common ...

and

ethernet Ethernet () is a family of wired computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN). It was commercially introduced in 1980 and first standardized in 198 ...

technologies. On August 12, 2014,

Broadcom Inc. Broadcom Inc. is an American designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wirel ...

(formerly Avago Technologies), acquired the company.

History

The company was founded in 1986 by Mike Salameh. On April 7, 1999, during the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. By July 1999, shares were up 426% since the IPO price. In July 2000, the company opened an office in

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...

. In May 2003, the company acquired HiNT for $12.7 million in cash and stock. In May 2004, the company acquired NetChip Technology. In August 2008, the company launched three PCIe switch devices with integrated direct memory access engines. In October 2008, Ralph Schmitt was named president and CEO of the company, replacing co-founder Mike Salameh. In January 2009, the company acquired Oxford Semiconductor for 5.6 million shares of PLX common stock, and a promissory note for $14.2 million. In April 2009, the company released new PCIe switches. In November 2009, the company completed a new design on 40 nm process technology at

TSMC Taiwan Semiconductor Manufacturing Company Limited (TSMC; also called Taiwan Semiconductor) is a Taiwanese multinational corporation, multinational semiconductor contract manufacturing and design company. It is the world's most valuable semicon ...

. In January 2010, the company shipped its one-millionth network attached storage device. In September 2010, the company acquired Teranetics for $36 million. In October 2011, the company sold its development centre in

Abingdon-on-Thames Abingdon-on-Thames ( ), commonly known as Abingdon, is a historic market town and civil parish in the Ceremonial counties of England, ceremonial county of Oxfordshire, England, on the River Thames. Historic counties of England, Historically the ...

, IP licences, and a 40-person team to

OCZ OCZ was a brand of Toshiba that was used for some of its solid-state drives (SSDs) before they were rebranded with Toshiba. OCZ Storage Solutions was a manufacturer of SSDs based in San Jose, California, USA and was the new company formed after ...

. In April 2012, Integrated Device Technology announced an agreement to acquire the company. However, in December 2012, the agreement was terminated after the

Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction ov ...

challenged the merger. In September 2012, the company sold its 10GBASE-T assets to Aquantia Corporation. On August 12, 2014,

acquired the company.

References

{{Dot-com Bubble 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 Dot-com bubble