View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 25, 1998

LSI KEEPS ON GROWING DESPITE A TOUGH MARKETPLACE

By CBR Staff Writer

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.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU