Date: 18/12/2008

PLX Technology to acquire Oxford Semiconductor

PLX Technology has announced it has signed a definitive agreement to acquire all of the outstanding shares of capital stock of Oxford Semiconductor, Inc., a privately held fabless provider of industry-leading silicon and software for the consumer and small office/home office (SOHO) storage markets.

Established in 1992, Oxford Semiconductor has been providing reliable, high-performance silicon and software solutions to interconnect digital systems, including PCIe, USB, FireWire, Ethernet, SATA and eSATA. Oxford's unaudited revenues for the first nine months of 2008 were $29 million. Oxford's corporate headquarters are located in Milpitas, California, with most of its employees based in Oxford's design center in Abingdon, United Kingdom.

The rapidly growing consumer and SOHO external storage markets account for the majority of Oxford Semiconductor's sales. Oxford provides advanced system-on-chip solutions for both direct-attached storage (DAS) and network-attached storage (NAS) external drives.

Oxford has a reputation for providing innovative and reliable chip, software and firmware solutions for consumer storage needs and counts leading manufacturers and marketers as customers, including Seagate, Western Digital, LaCie, Hewlett Packard, and Macpower.

"Through this acquisition, PLX will have a leadership position in two of the fastest-growing interconnect chip markets - PCI Express-based systems and external-storage," said Ralph Schmitt, president and CEO of PLX.