Semiconductors
While LSI had initially projected that the sale of the facility would take about a year, the company said it expects the deal to close in the next 45 days, pending regulatory approval.
The sale is the latest step in a reorganization at LSI being led by Talwalkar. In March, the company announced that it was shifting its focus to consumer and storage markets and selling off a line of communications chips and discontinuing development on anther product line.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
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