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Agere Systems, Inc. was an integrated circuit components company based in Allentown, Pennsylvania. Spun out of Lucent Technologies in 2002, Agere was merged into LSI Corporation in 2007. [1] LSI was in turn acquired by Avago Technologies in 2014.
Agere Systems Inc. designs and manufactures integrated circuits, which are made using semiconductor wafers imprinted with a network of electronic components. Integrated circuits perform several functions such as processing and storing data, controlling electronic system functions, and processing electronic signals.
Jun 3, 2002 · Agere Systems became an independent company after Lucent distributed its shares to shareowners. The spin-off aimed to focus on target markets and strengthen customer relationships.
Dec 5, 2000 · Lucent Technologies has named its Microelectronics Group Agere Systems, which will be spun off next year. The name Agere (pronounced a-GEAR), which has its roots in the Latin verb 'ago' that means “to lead, to drive, to act,” was the name of the Austin, Texas-based supplier of programmable network processors the company acquired earlier ...
The company operates in two segments, Consumer Enterprise and Telecommunications offering integrated circuits for mobile phones and other wireless data and voice communications products, enterprise and networking applications, and storage area networks.
Dec 4, 2006 · LSI Logic will acquire Lucent spin-off Agere Systems for $4 billion in stock. The deal values Agere at $22.81 per share. That’s a 28% premium to Friday’s closing price of $17.79.
Agere Systems (formerly Lucent ME) is a network processor company providing datacom and telecom equipment manufacturers with powerful multi-protocol solutions for complex Layer 2 through 7 processing.
