PLX Technology was a manufacturer of integrated circuits focused on

PCI Express PCI Express (Peripheral Component Interconnect Express), officially abbreviated as PCIe or PCI-e, is a high-speed serial computer expansion bus standard, designed to replace the older PCI, PCI-X and AGP bus standards. It is the common m ...

and

ethernet Ethernet () is a family of wired computer networking technologies commonly used in local area networks (LAN), metropolitan area networks (MAN) and wide area networks (WAN). It was commercially introduced in 1980 and first standardized in ...

technologies. On August 12, 2014, Broadcom Inc. (formerly Avago Technologies), acquired the company.

History

The company was founded in 1986 by Mike Salameh. On April 7, 1999, during the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Comp ...

, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( l ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. By July 1999, shares were up 426% since the IPO price. In July 2000, the company opened an office in

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson co ...

. In May 2003, the company acquired HiNT for $12.7 million in cash and stock. In May 2004, the company acquired NetChip Technology. In August 2008, the company launched three PCIe switch devices with integrated

direct memory access Direct memory access (DMA) is a feature of computer systems and allows certain hardware subsystems to access main system memory independently of the central processing unit (CPU). Without DMA, when the CPU is using programmed input/output, it is ...

engines. In October 2008, Ralph Schmitt was named president and CEO of the company, replacing co-founder Mike Salameh. In January 2009, the company acquired Oxford Semiconductor for 5.6 million shares of PLX common stock, and a promissory note for $14.2 million. In April 2009, the company released new PCIe switches. In November 2009, the company completed a new design on 40 nm process technology at

TSMC Taiwan Semiconductor Manufacturing Company Limited (TSMC; also called Taiwan Semiconductor) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world's most valuable semiconductor company, the world' ...

. In January 2010, the company shipped its one-millionth

network attached storage Network-attached storage (NAS) is a file-level (as opposed to block-level storage) computer data storage server connected to a computer network providing data access to a heterogeneous group of clients. The term "NAS" can refer to both the techn ...

device. In September 2010, the company acquired Teranetics for $36 million. In October 2011, the company sold its development centre in

Abingdon-on-Thames Abingdon-on-Thames ( ), commonly known as Abingdon, is a historic market town and civil parish in the ceremonial county of Oxfordshire, England, on the River Thames. Historically the county town of Berkshire, since 1974 Abingdon has been admini ...

, IP licences, and a 40-person team to OCZ. In April 2012, Integrated Device Technology announced an agreement to acquire the company. However, in December 2012, the agreement was terminated after the Federal Trade Commission challenged the merger. In September 2012, the company sold its 10GBASE-T assets to Aquantia Corporation. On August 12, 2014, Broadcom Inc. acquired the company.

References

{{Dot-com Bubble 1986 establishments in California 2014 disestablishments in California 1999 initial public offerings 2014 mergers and acquisitions American companies established in 1986 American companies disestablished in 2014 Companies formerly listed on the Nasdaq Computer companies established in 1986 Computer companies disestablished in 2014 Defunct computer companies of the United States Dot-com bubble