In February 1999, LSI acquired Seeq Technology, adding physical-layer based Ethernet technology to LSI's product line. In August 1998 it bought Symbios Logic from Hyundai Electronic for $760 million cash. In 1997, Mint Technology, an engineering services company, was acquired by LSI. In 1995, LSI Logic acquired the remaining shares its Canadian subsidiary held, which amounted to 45%. Sony also worked with LSI's engineers develop the graphics engine, DMA controller, I/O and bus controllers. LSI's CoreWare could do it, while other offers made to Sony needed two chips. In 1993, Sony Computer Entertainment chose LSI Logic as their ASIC partner, charged with fitting the PlayStation CPU on a single chip. LSI Logic started developing its CoreWare technology in 1992. In July 1991, LSI entered into an agreement with Sanyo Electric of Japan to make a set of chips that translate an HDTV signal into a television image. LSI Logic was among the 14 founding members, but withdrew from SEMATECH in January 1992. SEMATECH is a research and development consortium to advance semiconductor and chip manufacturing. In 1987, SEMATECH (Semiconductor Manufacturing Technology) was incorporated partially in result of the 1984 National Cooperative Research Act, which reduced potential antitrust liabilities of research joint ventures. In 1985, the firm entered into a joint venture with Kawasaki Steel-Japan's third largest steel manufacturer-to build a $100 million wafer fabrication plant in Tsukuba, Japan. LSI Logic went public with Nasdaq as LSI in May 1983 with the largest IPO to date of $153 million. In March 1982, a second round of financing brought in another $16 million.
LSI initially was funded by venture capitalists, including Sequoia Capital with $6 million. Wilfred Corrigan served as the CEO from 1981 until 2005. In 1981, Wilfred Corrigan, Bill O'Meara, Rob Walker and Mitchell "Mick" Bohn founded LSI under the name LSI Logic Corporation in Milpitas, California.
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