LSI Completes Sale

MILPITAS, Calif. -- LSI Corporation (NYSE: LSI) today announced it has completed the sale of its consumer products business to Magnum Semiconductor, Inc.

Under the terms of a definitive agreement announced on June 27, 2007, Magnum has purchased the LSI DoMiNo, Domino[X]TM and ZevioTM architectures, products and related IP of the LSI consumer products business. Additionally, Magnum has offered employment to a significant number of LSI employees associated with the business. The two companies will also work together to seamlessly transition the business to continue to offer customers the highest quality products, services and support.

LSI Corp.