Yesterday, semiconductor chip manufacturer Cavium Inc. announced the completion of the takeover of QLogic Corp. Following the buyout, QLogic will now function as a wholly owned subsidiary of Cavium and will be delisted from Nasdaq. Cavium is a relatively small player in the semiconductor space. With the acquisition of QLogic, the company is looking to expand its datacenter and storage business and widen its clientele. As noted earlier by Cavium, the combined company will generate $900 million in LTM revenues with $45 million of cost synergies to be achieved by 2017.