NetLogic Microsystems: Difference between revisions

Revision as of 13:24, 10 March 2019

Revision as of 13:25, 10 March 2019

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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>

In September 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 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.