LSI Logic Corp has made the best of a tough year, reporting revenues for the fourth quarter up 7% to $323m, and net income of $32.2m, or 22 cents per share. For the year as a whole, revenues were up 4% to $1.3bn, generating a net income of $159.2m or $1.11 per share, up 8% from last year. During the year, LSI introduced its 0.18 micron G11 technology to increase the density and lower power consumption in its chips, won deals to provide ASIC chips to Compaq Computer Corp and Cisco Systems Inc, acquired engineering services company Mint Technology Inc, embarked on an embedded DRAM development alliance with Micron Technology Inc, and launched its MIPS-based 16/32-bit Tiny RISC microprocessor. LSI, based in Milpitas, California, hopes the evolving systems- on-a-chip business will enable it to keep its head above the water in an unpredictable market. Willfred Corrigan, LSI’s chairman and chief executive officer, remains optimistic: Further growth in the global semiconductor market is expected for 1998, and we expect LSI Logic to at least meet, if not exceed, the industry’s overall growth rate.
