Interconnectivity developer Oxford Semiconductor acquired

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Oxford Semiconductor, a fabless developer of connectivity devices, has been acquired by PLX Technology, a similar company that specializes in PCI Express, an expansion card standard commercialized by Intel.

OxSemi was working with several interconnect standards to make devices for the home and small office storage markets. It was founded in 1992 and raised over $30 million in venture funding during its lifetime.

The acquisition is valued at slightly over $14 million, plus shares of PLX. OxSemi is based in Milpitas, Calif.

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