LSI Corp., which designs semiconductors and software, officially became part of Avago Technologies last week as the $6.6 billion acquistion officially closed.
That change reportedly has LSI/Avago employees in Rochester wondering about their future.
Unofficial buzz around the change is that a decision is being made this week about keeping the Rochester jobs here or moving them out of state.
It's unclear how many people currently work at the site here at 3033 41st St. N.W., though LSI has employed between 10 to 30 people here at different times over the years. LSI also has Minnesota facilities in Bloomington and Mendota Heights.
LSI has had an "on again, off again relationship" with Rochester dating back to 2002, when it leased 20,000 square feet of space in the Valley Business Center II at 3425 40th Ave. N.W. It had about 29 employees.
On June 30, 2006, LSI closed its Rochester site. It had 11 employees, when it closed.
Then in November 2006, Allentown, Penn.-based Agere Systems opened a 6,000-square-foot office at 3033 41st St. N.W. Agere hired a team of 10 local storage design engineers that formerly worked for Maxtor Corp.’s Rochester office. That office closed in 2006 when Maxtor was acquired by Seagate Technologies.
LSI re-appeared in Rochester in December 2006, when it bought Agere Systems. Soon the signs at 3033 41st St. N.W. turned into LSI.
That's where everything stood until the arrival of Avago. In the press release announcing the acquistions, Avago stated that it anticipates saving $200 million by Nov. 1, 2015. That might be interpretated as plans to close some of LSI's 26 facilities.
I'll do my best to keep an eye on this to see what happens next. If anyone has information, official or otherwise, about this, I'm interested in hearing it.