Fabless semiconductor maker ​LSI Corp. of Milpitas, Calif., recently announced plans to acquire flash storage processing company SandForce for $322 million in cash, net of cash assumed, and assume about $48 million of unvested stock options and restricted shares of SandForce employees. PRESS RELEASE: LSI Corporation (NYSE: LSI) today announced that it has signed a [...]

SandForce Inc., a Santa Clara, Calif.-based developer of flash solid-state drive processors, has raised $21 million in Series C funding. TransLink Capital led the round, and was joined by fellow new investors UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures and A-Data Technology. Return backers included DCM, Storm Ventures and unnamed “tier-1 storage OEMs.”