Interconnectivity developer Oxford Semiconductor acquired
Oxford Semiconductor, a fabless developer of connectivity devices, has been acquired by PLX Technology, a similar company that specializes in PCI Express, an expansion card standard commercialized by Intel.
OxSemi was working with several interconnect standards to make devices for the home and small office storage markets. It was founded in 1992 and raised over $30 million in venture funding during its lifetime.
The acquisition is valued at slightly over $14 million, plus shares of PLX. OxSemi is based in Milpitas, Calif.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.