PLX Technology Acquires Oxford Semiconductor

Sunnyvale-based PLX Technology said earlier this week that it has acquired Milpitas-based Oxford Semiconductor, a provider of semiconductors for the storage market. PLX said it will pay 5,600,000 shares of its common stock, and a promissory note for $14.2M for the firm, or approximately $28.8M. PLX Technology is a developer of PCI Express silicon, used in PC and other designs; Oxford Semiconductor is a developer of silicon for the PCIe, USB, Firewire, Ethernet, SATA, and eSATA interconnects--all used for storage or related PC applications. PLX said that Oxford had revenues of $29M for the first nine months of 2008.