Oscar serves on the Board of Directors for EXAR Corporation, a Silicon Valley semiconductor company.

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Exar, a semiconductor company, designs, develops and markets analog and mixed-signal integrated circuits for use in communications, video and imaging products.

FORBES: George Soros Reduces Exar Stake

The chipmaker Exar this morning said it has expanded its cost reduction program, cutting about 120 jobs, or about 30% of worldwide headcount.

FORBES: Exar Cutting 120 More Jobs

Exar stock has gained more than 30% over the last year.

FORBES: George Soros Reduces Exar Stake

"The LSI PCIe-based WarpDrive card offers simple, effective, and affordable application acceleration for enterprise servers, " said Bob Farkaly, director of marketing, Storage System products for Exar.

ENGADGET: LSI's WarpDrive SSD is a steal at $11,500

George Soros on Oct. 5 reduced a position in Exar Corp. ( EXAR) that he built up through numerous transactions from the second quarter of 2009 through the first half of 2011.

FORBES: George Soros Reduces Exar Stake