LSI Has No Relationship With Sirius
Despite the fact that a chip in the Starmate 5 carries the LSI name, there is no contractual relationship between LSI and Sirius. LSI informed us of this today and provided us with a press release detailing the sale of their mobility business to Infineon.
For their part, Infineon was not able to comment on any SDARS connection, but did confirm that they bought the mobility unit of LSI by supplying a press release
Clearly LSI did indeed sell their mobility unit to Infineon. Clearly the Starmate 5 has a chip labeled LSI. Clearly Infineon could be a possible partner in satellite radio.
Recent documents from the Infineon website would at least point to a possible relationship.
Position – Long Sirius, XM. No Position LSI, Infineon.
…the plot thickens….