{{Short description|American manufacturer of integrated circuits}} {{Infobox company |name = PLX Technology |logo = PLX Technology wordmark.svg |logo_size = 180px |fate = Acquired by Broadcom Inc. |founded = {{start date and age|1986}} |founder = Mike Salameh |defunct = {{end date and age|2014|08|14}} |location = Sunnyvale, California }} thumb|right|upright=1.4|PLX Technology PEX8606 PCI Express switch on a PCI Express ×1 card, creating multiple endpoints out of one endpoint and allowing it to be shared by multiple devices

'''PLX Technology''' was a manufacturer of integrated circuits focused on PCI Express and Ethernet 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 company became a public company via an initial public offering.<ref>{{cite news |url=https://www.wsj.com/articles/SB923442344432200019 |title=Claimsnet.com IPO Soars, Outshining Debut by PLX |work=The Wall Street Journal |date=April 7, 1999 |url-access=subscription}}</ref>

By July 1999, shares were up 426% since the IPO price.<ref>{{cite news |url=https://nypost.com/1999/07/02/dont-believe-the-first-day-ipo-hype/ |title=DON'T BELIEVE THE FIRST-DAY IPO HYPE |first=Paul |last=Tharp |work=New York Post |date=July 2, 1999}}</ref>

In July 2000, the company opened an office in Austin, Texas.<ref>{{cite news |url=https://www.bizjournals.com/austin/stories/2000/07/10/daily1.html |title=PLX Technology opens Austin office |work=American City Business Journals |date=July 10, 2000}}</ref>

In May 2003, the company acquired HiNT for $12.7 million in cash and stock.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20030507005281/en/PLX-Technology-HiNT-Corp.-Sign-Merger-Agreement |title=PLX Technology and HiNT Corp. Sign Merger Agreement; Combined Company Will Provide Broad Range of PCI, PCI-X, and HyperTransport Interconnect Chips |publisher=Business Wire |date=May 7, 2003}}</ref><ref>{{cite news |url=https://www.eetimes.com/document.asp?doc_id=1267909 |title=PLX to buy HiNT in $15 million deal |work=EE Times |date=May 7, 2003}}</ref>

In May 2004, the company acquired NetChip Technology.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20040525005337/en/PLX-Technology-Announces-Completion-NetChip-Technology-Acquisition |title=PLX Technology Announces Completion of NetChip Technology Acquisition; Provides Business Outlook for Combined Company; Conference Call Today at 6:00 a.m. PDT |publisher=Business Wire |date=May 25, 2004}}</ref>

In August 2008, the company launched three PCIe switch devices with integrated direct memory access engines.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20080818005305/en/CORRECTING-REPLACING-PLX-Launches-Industrys-PCI-Express |title=PLX Launches Industry's First PCI Express Switches With Integrated DMA |publisher=Business Wire |date=August 18, 2008}}</ref>

In October 2008, Ralph Schmitt was named president and CEO of the company, replacing co-founder Mike Salameh.<ref>{{cite news |url=https://www.bizjournals.com/sanjose/stories/2008/10/27/daily15.html |title=PLX Technology names CEO |work=American City Business Journals |date=October 27, 2008}}</ref><ref>{{cite news |url=https://www.eetimes.com/document.asp?doc_id=1169613 |title=Former Cypress exec to head PLX Tech |first=Dylan |last=McGrath |work=EE Times |date=October 27, 2008}}</ref>

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.<ref>{{cite news |url=https://www.bizjournals.com/sanfrancisco/stories/2009/01/05/daily4.html |title=PLX Technology completes acquisition of Oxford Semiconductor |work=American City Business Journals |date=January 5, 2009}}</ref><ref>{{cite news |url=https://www.eetimes.com/document.asp?doc_id=1252818 |title=PLX completes acquisition of Oxford Semi |work=EE Times |date=January 5, 2009}}</ref><ref>{{cite press release |url=https://www.businesswire.com/news/home/20090105005262/en/PLX-Technology-Closes-Acquisition-Oxford-Semiconductor |title=PLX Technology Closes Acquisition of Oxford Semiconductor |publisher=Business Wire |date=January 5, 2009}}</ref>

In April 2009, the company released new PCIe switches.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20090413005373/en/PLX-Expands-Leadership-New-PCI-Express-Switch |title=PLX Expands Leadership with New PCI Express Switch Configurations, Unique Features |publisher=Business Wire |date=April 13, 2009}}</ref>

In November 2009, the company completed a new design on 40&nbsp;nm process technology at TSMC, a half-node of TMSCs 45 nm process.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20091102005471/en/PLX-Technology-Completes-Design-Advanced-40nm-Process |title=PLX Technology Completes First Design on Advanced 40nm Process Technology |publisher=Business Wire |date=November 2, 2009}}</ref>

In January 2010, the company shipped its one-millionth network attached storage device.<ref>{{cite press release |url=https://www.businesswire.com/news/home/20100120005230/en/PLX-Exceeds-Million-NAS-Units-Shipped-Market |title=PLX Exceeds One Million NAS Units Shipped, Market Acceptance Validated |publisher=Business Wire |date=January 20, 2010}}</ref>

In September 2010, the company acquired Teranetics for $36 million.<ref>{{cite news |url=https://www.eetimes.com/document.asp?doc_id=1257444 |title=PLX acquires Teranetics in $36M deal |first=Rick |last=Merritt |work=EE Times |date=September 24, 2010}}</ref><ref>{{cite press release |url=https://www.businesswire.com/news/home/20100923006824/en/PLX-Technology-Acquire-Teranetics-Leading-Supplier-10 |title=PLX Technology to Acquire Teranetics, the Leading Supplier of 10 Gigabit Ethernet Silicon |publisher=Business Wire |date=September 23, 2010}}</ref>

In October 2011, the company sold its development centre in Abingdon-on-Thames, IP licences, and a 40-person team to OCZ.<ref>{{cite news |url=https://www.theregister.co.uk/2011/10/06/ocz_buys_plx_randd_op/ |title=OCZ buys PLX PCIe design smarts operation |first=Chris |last=Mellor |work=The Register |date=October 6, 2011}}</ref>

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.<ref>{{cite press release |url=https://www.idt.com/about/press-room/idt-and-plx-technology-announce-termination-proposed-transaction-and-idt-withdraws-exchange-offer |title=IDT and PLX Technology Announce Termination of Proposed Transaction and IDT Withdraws Exchange Offer for PLX Technology Shares |publisher=Integrated Device Technology |date=December 19, 2012}}</ref>

In September 2012, the company sold its 10GBASE-T assets to Aquantia Corporation.<ref>{{cite press release |url=https://www.aquantia.com/2012/09/17/aquantia-acquires-10gbase-t-assets-from-plx-technology/ |title=Aquantia Acquires 10GBASE-T Assets From PLX Technology |publisher=Aquantia Corporation |date=September 17, 2012}}</ref>

On August 12, 2014, Broadcom Inc. acquired the company.<ref>{{cite press release |url=https://globenewswire.com/news-release/2014/08/12/657940/10094233/en/Avago-Technologies-Limited-Successfully-Completes-Tender-Offer-for-Shares-of-PLX-Technology-Inc-Acquisition-to-Close-Today.html |title=Avago Technologies Limited Successfully Completes Tender Offer for Shares of PLX Technology, Inc. -- Acquisition to Close Today |publisher=Globe Newswire |date=August 12, 2014}}</ref>

==References== {{reflist}}

{{Dot-com Bubble}}

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