NetLogic Microsystems: Difference between revisions

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{{Short description|Semiconductor company}}
{{Infobox company
| name = NetLogic Microsystems, Inc.
| logo = NetLogic Microsystems logo.svg
| type = [[Subsidiary]]
| traded_as = Formerly {{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.''' was a 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=http://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>.
 
'''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=httphttps://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>.
NetLogic’s product portfolio included knowledge-based processors, multi-core processors, content processors, network search engines, high-speed 10 and 40 Gigabit Ethernet PHYs, 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]].
 
== Products ==
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>.
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]] PHYs[[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==
In September 2011, [[Broadcom|Broadcom Corporation]] agreed to buy NetLogic for $3.7 billion in cash<ref>{{Cite news|url=http://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> – 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>.
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>.
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.
 
InOn September 12, 2011, [[Broadcom|Broadcom Corporation]] agreed to buy NetLogic for $3.7 billion in cash.<ref>{{Cite news|url=httphttps://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 ==
* {{Officialweb websitearchive|url=https://web.archive.org/web/20110202123454/http://www.netlogicmicro.com|title=Official website}}
 
[[Category:Companies formerly listed on NASDAQ]]
[[Category:Electronics companies of the United States]]
[[Category:Fabless semiconductor companies]]
[[Category:Broadcom]]
[[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 NASDAQthe Nasdaq]]
[[Category:Computer companies established in 1995]]
[[Category:Computer companies disestablished in 2012]]
[[Category:Corporate subsidiaries]]
[[Category:ElectronicsDefunct computer companies of the United States]]
[[Category:Defunct computer hardware companies]]
[[Category:Defunct semiconductor companies of the United States]]
[[Category:Fabless semiconductor companies]]