PLX Technology, a supplier of PCI Express (PCIe) switch and bridge silicon, will acquire all of the outstanding shares of capital stock of Oxford Semiconductor, a privately held fabless provider of industry-leading silicon and software for the consumer and small office/home office (SOHO) storage markets.Established in 1992, Oxford Semiconductor has been providing silicon and software solutions to interconnect digital systems, including PCIe, USB, FireWire, Ethernet, SATA and eSATA.

Oxford’s unaudited revenues for the first nine months of 2008 were $29 million. Oxford’s corporate headquarters are located in Milpitas, California, with most of its employees based in Oxford’s design center in Abingdon, United Kingdom.

Pursuant to the terms of the agreement, PLX Technology will acquire all of the outstanding shares of capital stock of Oxford Semiconductor in exchange for 5,600,000 shares of common stock of PLX, and a promissory note in the aggregate principal amount of $14,200,000 that will be satisfied by either the issuance of an additional 3,400,000 shares of common stock of PLX upon approval of the PLX stockholders, or the repayment of the principal amount of the note by June 30, 2009, if such stockholder approval is not obtained. PLX had a 2007 revenue of $ 81.7 million and a net income of $ 1.2 million.