NetLogic Microsystems: Difference between revisions

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{{Short description|Semiconductor company}}

{{Infobox company

| company_namename = NetLogic Microsystems, Inc.

| logo = NetLogic Microsystems logo.svg

| company_type = [[Public company|Public]]

| traded_as type = {{NASDAQ|NETL}}[[Subsidiary]]

| traded_as = {{NASDAQ was|NETL}}

| industry = [[Semiconductors]]<br>[[Electronics]]

|parent = [[Broadcom]]

| website = {{web archive|url=https://web.archive.org/web/20110202123454/http://www.netlogicmicro.com|title=netlogicmicro.com}}

}}

[[File:NetLogic Microsystems, XLR516 Processor (17891032635).jpg|thumb|Integrated circuit XLR516, designed by NetLogic]]

'''NetLogic Microsystems, Inc.''' is a [[fabless semiconductor company]] that sells networking processors and integrated circuits.

'''NetLogic Microsystems, Inc.''' was a [[Fabless manufacturing|fabless semiconductor company]] that developed high performance products for [[data center]], enterprise, wireless and wireline infrastructure networks. The company was founded in 1995 by Norman Godinho and Varad Srinivasan, became a [[public company]] on the [[NASDAQ]] exchange ([[ticker symbol]]: NETL) under the leadership of CEO Ronald Jankov in July 2004 and was acquired by [[Broadcom|Broadcom Corporation]] for $3.7 billion in February 2012.<ref>{{Cite news|url=https://www.reuters.com/article/us-broadcom-idUSTRE78B23T20110912|title=Chipmaker Broadcom to buy NetLogic for $3.7 billion|date=2016-09-12|newspaper=Reuters|access-date=2017-01-04}}</ref>

On September 12, 2011, [[Broadcom]] announced it would acquire NetLogic for $3.7 billion (a 57% premium on its previous closing price).<ref>{{cite web | url=http://dealbook.nytimes.com/2011/09/12/broadcom-to-buy-netlogic-for-3-7-billion/ | title=Broadcom to Buy NetLogic for $3.7 Billion | publisher=Wall Street Journal | date=September 12, 2011 | accessdate=September 12, 2011}}</ref>

== Products ==

NetLogic’s product portfolio included knowledge-based processors, multi-core processors,<ref>{{cite web|access-date=2023-12-20 |date=2011-02-15 |title=NetLogic Microsystems Introduces Best-in-Class XLP™ Multi-Core Security Processor with Integrated NETL7™ Knowledge-based Processor |publisher=businesswire.com |url=https://www.businesswire.com/news/home/20110215005069/en/NetLogic-Microsystems-Introduces-Best-in-Class-XLP%E2%84%A2-Multi-Core-Security-Processor-with-Integrated-NETL7%E2%84%A2-Knowledge-based-Processor}}</ref> content processors, network search engines, high-speed 10 and 40 [[Gigabit Ethernet]] [[PHY]]s,<ref>{{cite web|access-date=2023-12-20 |date=2009-02-07 |title=NetLogic-RMI to intensify multicore battle |publisher=eetimes.com |url=https://www.eetimes.com/netlogic-rmi-to-intensify-multicore-battle/}}</ref> wireless base station digital front-end PHYs and low-power embedded processors. Its global customer base included [[Alcatel-Lucent]], [[Cisco Systems]], [[Dell]], [[Ericsson]], [[Google]], [[Hewlett-Packard]], [[Huawei|Huawei Technologies]], [[Juniper Networks]] and [[Nokia-Siemens Networks|Nokia-Siemens]].

== History==

It was in October 2007 that NetLogic Microsystems, Inc. signed a definitive agreement to acquire the privately held Aeluros, Inc., which created interface technologies and [[semiconductor]] products.<ref name="BusinessWire Addresses Aeluros in 2007">{{cite web |url=https://www.businesswire.com/news/home/20071024006246/en/NetLogic-Microsystems-Acquire-Aeluros-Leading-Provider-Low-Power |title=NetLogic Microsystems to Acquire Aeluros, Inc., a Leading Provider of Low-Power 10-Gigabit Interface Technologies and Products |date=October 24, 2007 |website=www.businesswire.com }}</ref> In December 2010 NetLogic began using an implementation system developed by Magma Design Automation Inc, which created chip design software.<ref name="Chip Design Company in 2010">{{cite web |url=https://www.nbcnews.com/id/wbna40548136 |title=NetLogic Microsystems Selects Magma's Talus IC Implementation System for Next-Generation 28-nm Knowledge-based Processor and Physical Layer Products |date=December 7, 2010 |website=[[NBC News]] }}</ref>

In 2011, NetLogic acquired Optichron for $22 million.<ref name="Optichron Acquisition Occurring in 2011">{{cite web |url=https://xconomy.com/san-francisco/2011/03/21/netlogic-microsystems-acquires-optichron-for-220000000/ |title=NetLogic Microsystems Acquires Optichron for $220,000,000 |date=March 21, 2011 |website=www.xconomy.com }}</ref> From its [[IPO]] in 2004 through 2011, NetLogic grew at an annual rate of 39%, which was four to five times the average growth rate of semiconductor companies during that period. The company also enjoyed healthy profits, with gross profits in excess of 70% and net income in excess of 25% in 2011. NetLogic was one of the semiconductor industry's most innovative companies, having been granted more than 800 patents. The Global Semiconductor Alliance named NetLogic the Most Respected Emerging Public Semiconductor Company for three consecutive years, from 2009 to 2011.<ref>{{Cite web|url=http://www.gsaglobal.org/about-us/gsa-award-winners/|title=GSA Awards - Past Winners|last=|first=|date=|website=|publisher=|access-date=}}</ref>

On September 12, 2011, [[Broadcom|Broadcom Corporation]] agreed to buy NetLogic for $3.7 billion in cash.<ref>{{Cite news|url=https://www.reuters.com/article/us-broadcom-idUSTRE78B23T20110912|title=Chipmaker Broadcom to buy NetLogic for $3.7 billion|date=2016-09-12|newspaper=Reuters|access-date=2017-01-04}}</ref> It was a 57% premium to NetLogic's closing price on September 9, 2011.<ref name="The Wall Street Journal on the Acquisition">{{cite web |url=https://www.wsj.com/articles/SB10001424053111904265504576566311807622324 |title=Broadcom to Pay $3.7 Billion to Acquire NetLogic Microsystems |date=September 13, 2011 |website=www.wsj.com }}</ref> NetLogic shareholders received $50 a share.<ref name="Bloomberg on the NetLogic Acquisition in 2011">{{cite web |url=https://www.bloomberg.com/news/articles/2011-09-12/broadcom-agrees-to-buy-netlogic-microsystems-for-3-7-billion |title=Broadcom to Acquire NetLogic Microsystems for $3.7 Billion |date=September 12, 2011 |website=www.bloomberg.com }}</ref> It was Broadcom’s largest acquisition and its first acquisition of a publicly traded company. The acquisition closed in February 2012.<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/broadcom-completes-acquisition-of-netlogic-microsystems-inc-139509648.html|title=Broadcom Completes Acquisition of NetLogic Microsystems, Inc.|last=Corporate|first=Broadcom Corporation; BRCM|website=www.prnewswire.com|access-date=2017-01-04}}</ref> According to the publication SlashGear, Broadcom hoped to boost its [[chipset]] division with the acquisition of NetLogic.<ref name="SleashGear on NetLogic Prowess in 2011">{{cite web |url=https://www.slashgear.com/broadcom-buys-netlogic-to-boost-chipset-prowess-12178857/ |title=Broadcom buys NetLogic to boost chipset prowess |date=September 12, 2011 |website=www.slashgear.com}}</ref>

NetLogic was headquartered in [[Santa Clara, California]], hired approximately 800 employees worldwide, and reported revenue of $405.4 million for its fiscal year 2012, its last [[fiscal year]] as a standalone company.

== References ==

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== External links ==

* [{{web archive|url=https://web.archive.org/web/20110202123454/http://www.netlogicmicro.com |title=Official website]}}

[[Category:Broadcom]]

{{Uncategorized|date=February 2012}}

[[Category:1995 establishments in California]]

[[Category:2012 disestablishments in California]]

[[Category:2012 mergers and acquisitions]]

[[Category:American companies established in 1995]]

[[Category:American companies disestablished in 2012]]

[[Category:Companies formerly listed on the Nasdaq]]

[[Category:Computer companies established in 1995]]

[[Category:Computer companies disestablished in 2012]]

[[Category:Corporate subsidiaries]]

[[Category:Defunct computer companies of the United States]]

[[Category:Defunct computer hardware companies]]

[[Category:Defunct semiconductor companies of the United States]]

[[Category:Fabless semiconductor companies]]