NetLogic Microsystems: Difference between revisions

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

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]].

In October 2007, Netlogic acquired [[Aeluros Inc]] for $75 million in cash. In June 2009, NetLogic acquired [[RMI Corporation]] for $183.4 million in stock.

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]] 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> This transaction was completed in February 2012.

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>.

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 ==