Chip company gets Fibre Channel technology With designs to get into the storage area networking market, Applied Micro Circuits (AMCC) Thursday announced its intentions to acquire JNI.Developers of host bus adapters, JNI will be acquired for approximately $190 million in cash. The acquisition is expected to close in the fourth quarter of this year.In addition to developing Fibre Channel HBAs, JNI also develops ASICs (application specific integrated circuits), software for deploying HBAs, and Infiniband host channel adapter cards. In a press release issued Thursday, Russell Stern, president and CEO of JNI, said, “The merger enables JNI to achieve cost and technology synergies with AMCC that will provide us with the scale necessary to achieve market leadership.”Dave Rickey, chairman, president, and CEO of AMCC, said, “Driven by new broadband applications and the resulting need for a secure, reliable, and scalable storage network, Fibre Channel technology has experienced mass market acceptance. JNI is positioned well in this growing market with an extensive, easy-to-use product line for both Solaris and Windows” Technology Industry