ServerWorks Corporation was an American fabless semiconductor company based in Santa Clara, California, that manufactured chipsets for server computers and workstations running IA-32 microprocessors.
Founded as Reliance Computer Corporation in 1994, it filed its initial public offering in the beginning of 2000 and was acquired by Broadcom for nearly US$1 billion.
The company was largely funded through Vegesna's personal savings and in its first year only employed 12 people, most of whom bore several disparate job titles.
[2] By 1999, Reliance had gained NEC,[5][2] Acer, Dell, IBM, Intergraph, and Siemens as key clients, and in the beginning of 2000, the company changed its name to ServerWorks Corporation.
[12] The announcement had come one week after ServerWorks had reported a temporary chip shortage for March 2003, following poorer yields than usual of their chipsets.
[13] Following a wrongful termination suit filed by Vegesna and the other executives, Broadcom settled out of court, paying them a combined $111 million.