LSI Completes Sale of Thai Facility to STATS ChipPAC
ILPITAS, Calif., Oct. 2 -- LSI Corporation (NYSE:LSI) announced today that it has completed the sale of its semiconductor assembly and test operation in Pathumthani, Thailand, to STATS ChipPAC Ltd.
Under the terms of a definitive agreement announced on July 25, 2007, STATS ChipPAC has acquired the operation that consists of a facility with approximately 440,000 square feet of floor space, manufacturing equipment and certain other assets. Additionally, STATS ChipPAC has offered employment to substantially all of the LSI manufacturing employees associated with the facility. STATS ChipPAC and LSI have also entered into additional agreements, including a multi-year wafer assembly and test agreement and a transition services agreement.
About LSI
LSI Corporation (NYSE:LSI) is a leading provider of innovative silicon, systems and software technologies that enable products which seamlessly bring people, information and digital content together. The company offers a broad portfolio of capabilities and services including custom and standard product ICs, adapters, systems and software that are trusted by the world's best known brands to power leading solutions in the Storage, Networking and Mobility markets. More information is available at http://www.lsi.com/.
Source: LSI Corporation
CONTACT: Investor Relations, Sujal Shah, +1-610-712-5471, sujal.shah@lsi.com, or Media Relations, Robert Guenther, +1-610-712-1514, robert.guenther@lsi.com, both of LSI Corporation
Web site: http://lsilogic.com/
