UK silicon snapped up

California-based PLX Technology is to acquire all of the outstanding shares of capital stock of Oxford Semiconductor.

PLX Technology, the Sunnyvale, California-headquartered supplier of PCI Express switch and bridge integrated circuits, is to acquire all of the outstanding shares of capital stock of Oxford Semiconductor, a privately held fabless provider of silicon and software for the consumer and small office/home office storage markets (SOHO).

Oxford Semiconductor has been providing silicon and software solutions to interconnect digital systems, including PCIe, USB, FireWire, Ethernet, SATA and eSATA since it was established in 1992.

The company’s corporate headquarters are located in Milpitas, California, with most of its employees based in Oxford’s design centre in Abingdon in the UK.

Its unaudited revenues for the first nine months of 2008 were $29m.

The rapidly growing consumer and SOHO external storage markets account for the majority of Oxford Semiconductor’s sales.

Oxford provides system-on-chip solutions for both direct-attached storage (DAS) and network-attached storage (NAS) external drives.

Ralph Schmitt, president and chief executive officer of PLX, said: ‘Through this acquisition, PLX will have a leadership position in two of the fastest growing interconnect chip markets – PCI Express-based systems and external-storage.’

The purchase of the company, which is subject to certain closing conditions, is anticipated to be completed in early January 2009.