Intel paid a whopping $650 million (about £400 million, AU$700 million) to get its hands on LSI's Axxia Networking Business, a transaction that was done in cash.
Shares of the Santa-Clara based company have risen by more than three per cent since then, bringing the stock close to its 52-week high - its highest point for more than a decade.
LSI was purchased last year by Avago Technologies for $6.6 billion (about £4 billion, AU$ 7 billion) and the company made no secret that it wanted to sell LSI's networking business which employs more than 650 people.
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The deal, which is still due to go through due diligence from public bodies, is expected to bring north of $110 million (£65 million, AU$ 120 million) of annual revenues every year.
Axxia's IP is likely to allow Intel to propose more rounded offerings from mobile to data centres - and everything in between with wireless access underpinning the lot.
Axxia makes enterprise communication processors, custom silicon and mobile communication processors, all of which use non-Intel architectures, Power and ARM..