Milpitas, Calif. - Magnum Semiconductor, a developer of chips, software and reference platforms for recording, viewing and managing audio-video content, said that it has completed its acquisition of LSI Logic's consumer products business.

Fremont, Calif. - Magnum Semiconductor, a developer of chips, software and platforms for consumer entertainment systems, has raised $20 million as part of its third round of venture capital financing, PEWeek reported, citing a regulatory filing.