Communications and storage chip maker PMC-Sierra has acquired Adaptec’s RAID storage product line for about $US34 million.

“The acquisition of Adaptec’s channel storage business allows us to accelerate our entry into a new segment of enterprise RAID storage and leverages our leading RAID chip and software development with channel customers,” said Greg Lang, PMC-Sierra’s president and CEO.

“I am excited about this acquisition and the future growth opportunities it presents through the strong strategic fit between our core strengths in enterprise storage and the established channel storage business of Adaptec.”

PMC-Sierra expects to employ approximately 90 individuals from Adaptec located in seven different geographies, with the majority of the personnel located in California.