LSI Company History Timeline
In March 1982, a second round of financing brought in another $16 million.
In 1985, the firm entered into a joint venture with Kawasaki Steel—Japan's third largest steel manufacturer—to build a $100 million wafer fabrication plant in Tsukuba, Japan.
The changes effected in 1992 sought to propel the company back into the black and end its near decade-long inability to produce profits commensurate with its leading position in the customized chip market.
1995: Revenue exceeds $1 billion.
By 1998, research and development spending equaled 20 cents for every dollar in revenue the company pulled in.
1998 The Lewis-Sigler Institute for Integrative Genomics is founded, through a gift from Peter B. Lewis ’55, to create innovative research and teaching programs at the interface of modern biology and the more quantitative sciences.
Employment was trimmed by 1,000, falling to 4,500; a test and assembly plant in Braunschweig, Germany, was closed; and several operations deemed inconsistent with the company's new future were eliminated. It paid $106 million for SEEQ Technology, Inc. in 1999, a California firm that was a leading designer of data communications devices specifically for the networking market.
New Purchases and Product Lines: 2000 and Beyond
In 2000, two top executives at LSI, including John Daane, considered the likely successor to founder Wilfred Corrigan, resigned in order to take jobs at other firms.
The year 2000 had been a profitable one for LSI, despite the second quarter bobble.
2001 Construction begins on the Carl Icahn Laboratory, with funding through a gift from Carl Icahn ’57.
Corrigan had been through many ups and downs in the semiconductor industry, and by late 2002 he told Electronic Engineering Times (October 28, 2002) that the market was about to rebound.
Nevertheless, the first quarter of 2003 did not go well, with a 10 percent revenue decrease compared to a year earlier.
2003 David Botstein is appointed as Director, replacing Shirley Tilghman, who became President of Princeton University.
Corrigan still headed the company in 2004.
Renowned biologist E.O. Wilson shakes hands with U-M President Mary Sue Coleman at the LSI's grand opening in 2004.
In 2005, Abhi Talwalkar joined the company as president and CEO, and was also appointed to the board of directors.
Magnum Semiconductor Inc. a spin-off of Cirrus Logic Inc., acquired LSI's consumer products business and 13 percent of LSI's workforce in July 2007.
The sale of the Engenio division, which generated revenues of $705 million in 2010, completed in May.
2015 David Botstein moves to Professor Emeritus status.
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| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Broadcom | 1991 | $33.2B | 15,000 | 262 |
| Keysight Technologies | 2014 | $5.4B | 14,000 | 93 |
| Freescale Semiconductor Holdings V Inc | 2006 | $4.6B | 16,800 | - |
| Amd | 1969 | $23.6B | 15,500 | 366 |
| Synopsys | 1986 | $5.1B | 15,001 | 94 |
| KLA | 1997 | $9.2B | 11,300 | 262 |
| Analog Devices | 1965 | $12.0B | 15,300 | 5 |
| Conexant | 1996 | $112.0M | 312 | - |
| Synaptics | 1986 | $1.7B | 1,463 | 16 |
| Brocade Services Corporation | 1979 | - | 1,011 | - |
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