Mark LaPedus, EE Times(03/06/2006 6:08 PM EST)
SAN JOSE, Calif. — In a major restructuring effort, LSI Logic Corp. on Monday (March 6) announced that it will cease development of its RapidChip ASIC platform technology and said it would sell its digital signal processor (DSP) unit.
Consistent with its increased focus on storage, the company has also canceled its previously postponed plan for an initial public offering of its storage systems subsidiary, Engenio Information Technologies Inc.
As part of the moves, LSI Logic (Milpitas, Calif.) will cease further RapidChip ASIC development. RapidChip customer designs currently in production or under development will continue and are not affected by this action, according to the company.
The company's DSP unit, called ZSP, is expected to be sold. No timeframe for completion of this transaction is being announced at this time.
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