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PMC-Sierra history
PMC-Sierra company history timeline
Sierra Semiconductor was founded in 1984 in San Jose, California by James Diller.
In August 1996, Sierra Semiconductor announced its decision to exit the personal computer modem chipset business, to restructure its other non-networking products and focus on its networking products.
In late 1996, it acquired Bipolar Integrated Technology in Beaverton, Oregon, for about $10 million to enter the Ethernet business.
The headquarters was moved to Burnaby, and in June 1997, PMC Sierra overtook its parent, Sierra Semiconductor, changing its name to PMC-Sierra.
In August 1996, Sierra Semiconductor announced its decision to exit the personal computer modem chipset business, to restructure its other non-networking products and focus on its networking products. It acquired Integrated Telecom Technology Inc., San Jose, for $55 million in cash and stock in 1998.
In May 2006, PMC-Sierra acquired Passave, Inc., a developer of system-on-chip semiconductors for the fiber to the home access market in a stock-for-stock transaction valued at approximately $300 million.
In 2007 two rounds of layoffs happened, first in March 2007, 175 employees were laid off and then in December 2007, 18 employees were laid off.
On October 22, 2010, PMC-Sierra acquired Wintegra Inc. for $240 million.
A further acquisition was made on the 29th of May 2013 when PMC acquired IDT's Enterprise Flash Controller Business.
In July 2015, roughly 200 employees were laid off as part of a restructuring measure.
During the fall of 2015, both Skyworks Solutions and Microsemi were attempting to acquire PMC-Sierra.
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PMC-Sierra competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| STMicroelectronics | 1987 | $16.1B | 46,000 | 19 |
| Taiwan Semiconductor Manufacturing Company | 1987 | $69.4B | 75,000 | 2 |
| Xilinx | 1984 | $3.1B | 4,891 | - |
| Semiconductor Components Industries, LLC | 1999 | - | 9,570 | - |
| Intel | 1968 | $53.1B | 121,100 | 595 |
| Amd | 1969 | $25.8B | 15,500 | 576 |
| Microchip Technology | 1989 | $7.6B | 19,500 | 254 |
| Micron Technology | 1978 | $30.8B | 49,000 | 634 |
| Synopsys | 1986 | $6.1B | 15,001 | 65 |
| Maxim Integrated | 1983 | $2.6B | 7,100 | 1 |
PMC-Sierra history FAQs
Zippia gives an in-depth look into the details of PMC-Sierra, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PMC-Sierra. The employee data is based on information from people who have self-reported their past or current employments at PMC-Sierra. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PMC-Sierra. The data presented on this page does not represent the view of PMC-Sierra and its employees or that of Zippia.
PMC-Sierra may also be known as or be related to PMC SIERRA INC, PMC-Sierra and Pmc-sierra.