SiliconBeat

As a service to our loyal readers who are weary of the relentless parade of negative news offered up these days by various media outlets, those of us at SiliconBeat periodically wish to provide a bit of cheery relief.

Which brings us to this item about LSI.

The Milpitas chip-maker is in the process of distributing free backpacks and school supplies to about 12,000 underprivileged K-12 students around the world in communities where its employees live and work.

Last year, the company said it contributed more than 9,000 backpacks to primary and secondary schools in Asia, Europe and the United States. The backpacks are filled with notebooks, pens, calculators and dictionaries donated by LSI employees.

“As a U.S.-based company that operates globally, LSI understands that investment in local education is an investment in a better world,” said the company’s CEO, Abhi Talwalkar, in a prepared statement.

LSI reorganized its semiconductor business, consolidating both its storage and its networking chips businesses ino one “semiconductor solutions” group reporting to Jeffrey Richardson, who was made an executive vice president and general manager. Philip Brace, who used to head up Read the rest of this entry »

When LSI purchased Agere Systems in 2007, it agreed to maintain roughly the same benefits to former Agere executive for a period of two years with a plan to have a unified perquisite program for all executive officers in 2009.

However, last week LSI agreed to extend special benefits for an additional year for one former Agere executive, Andrew Micallef, who now serves as LSI’s executive vice president in charge of worldwide manufacturing, according to a filing today with the SEC. The benefits are related to his location in Singapore and are “intended to allow individuals receiving its benefits to work in a country other than their home country and experience a similar standard of living to what they could experience in their home country.”

What does that entail? For Micallef, the extra benefits include: Read the rest of this entry »