LSI Chip Unit on the Block

LSI Logic(LSI Quote) will put a chunk of its communications chip business on the auction block, as the company moves forward with a plan to recast itself as more than a supplier of custom-made chips.

The Milpitas, Calif., company announced Monday that it will focus exclusively on the storage and consumer markets, trimming noncore areas through decreased investment or divestiture.

Instead of providing custom chips to various end-markets, LSI will provide a broader range of technology to select markets. ...