NetLogic to buy RMI for $183.4M

San Jose Business Journal

June 1, 2009

NetLogic Microsystems Inc. said Monday it has agreed to buy RMI Corp. for about $183.4 million in cash and stock.
Mountain View-based NetLogic (NASDAQ:NETL) said that buying privately held RMI will help to expand its original equipment manufacturing base. In addition to the amount being paid at closing, NetLogic said it has agreed to pay about $6.5 million more based on hitting mileposts set in the deal.

NetLogic is a fabless semiconductor company that designs, develops and markets chips that accelerate the delivery of voice, video, data and multimedia content for enterprise, datacenter, communications and mobile wireless networks.

Cupertino-based RMI makes high-performance and low-power multi-core, multi-threaded processors used in the infrastructure, enterprise, and consumer media markets. Besides its headquarters, it has branch and subsidiary operations in Texas, France, India, Korea, Japan, Taiwan, Hong Kong and China.