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Corsair Gaming

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Corsair Gaming, Inc.
Company typePublic
Industry
FoundedJanuary 1994; 30 years ago (1994-01), in Fremont, California, U.S. (as Corsair Microsystems)
Founders
  • Andy Paul
  • Don Lieberman
  • John Beekley
Headquarters
Milpitas, California
,
U.S.
Key people
Products
  • DRAM modules
  • USB flash drives
  • ATX power supplies
  • Computer cases
  • CPU and memory cooling
  • Solid-state drives
  • Audio peripherals
  • Gaming keyboards
  • Gaming peripherals
  • Desktop chassis
RevenueIncrease US$1.460 billion (2023)
Increase US$9.689 million (2023)
Increase US$3.187 million (2023)
Total assetsIncrease US$1.357 billion (2023)
Total equityIncrease US$678.043 million (2023)
OwnerEagleTree Capital (56.8%)
Number of employees
2,387 (2023)
Subsidiaries
Websitecorsair.com
Footnotes / references
[2][3]

Corsair Gaming, Inc. (stylized as CORSAIR) is an American computer peripherals and gaming brand headquartered in Milpitas, California.[4] Previously Corsair Components and Corsair Memory,[5] it was incorporated in California in January 1994 as Corsair Microsystems and reincorporated in Delaware in 2007.[5] The Company designs and sells a range of computer products, including high-speed DRAM modules, power supplies (PSUs), USB flash drives (UFDs), CPU/GPU and case cooling, gaming peripherals (such as keyboards and computer mice), computer cases, solid-state drives (SSDs), and speakers.[6]

It leases a production facility in Taoyuan City, Taiwan, for assembly, testing and packaging of select products, with distribution centers in North America, Europe, and Asia and sales and marketing offices in major markets worldwide.[2]: 41  It trades under the ticker symbol CRSR on the NASDAQ stock exchange.[2] Lockdown orders associated with the COVID-19 pandemic, and a rise in demand for computing equipment, including the computer gaming sector, led to a significant short-term increase in Corsair's revenue.[7]

History

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The company was founded as Corsair Microsystems Inc. in 1994 by Andy Paul, Don Lieberman, and John Beekley. Corsair originally developed level 2 cache modules, called cache on a stick (COASt) modules, for OEMs. After Intel incorporated the L2 cache in the processor with the release of its Pentium Pro processor family, Corsair changed its focus to DRAM modules, primarily in the server market. This effort was led by Richard Hashim, one of the early employees at Corsair. In 2002, Corsair began shipping DRAM modules that were designed to appeal to computer enthusiasts, who were using them for overclocking. Since then, Corsair has continued to produce memory modules for PCs, and has added other PC components as well.

Corsair expanded its DRAM memory module production into the high end market for overclocking.[8] This expansion allows for high power platforms and the ability to get more performance out of the CPU and RAM. The Corsair Vengeance Pro series and Corsair Dominator Platinum series are built for overclocking applications.[9][10][11]

Corsair has since expanded their product line to include many types of high-end gaming peripherals, high performance air and water cooling solutions, and other enthusiast-grade components. Around 2009, Corsair contacted CoolIT Systems to integrate their liquid cooling technology into Corsair's offerings which resulted in a long term partnership.[12][13]

In May 2021, Corsair announced that it will relocate its headquarters from Fremont to Milpitas, with the new lease stated to take effect in March 2022.[14]

Transactions

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Old logo of Corsair Components, used until June 1, 2015

On July 26, 2017, EagleTree Capital entered into an agreement to acquire a majority stake in Corsair from Francisco Partners and several other minority shareholders in a deal valued at $525 million. Corsair Founder and CEO Andy Paul retains his equity stake and remains in his role as CEO.[15]

On June 27, 2018, Corsair announced that it will be acquiring Elgato Gaming from the Munich-based company Elgato, excluding their Eve division which was spun off as Eve Systems.[16]

On July 24, 2019 it was announced that Corsair Components, Inc. acquired ORIGIN PC Corp.[17]

On December 16, 2019, Corsair announced its intention to acquire SCUF Gaming.[18]

On August 21, 2020, Corsair filed registration documents with the U.S. Securities and Exchange Commission for a planned $100 million IPO.[19]

On 17 July 2023, Corsair announced that it had acquired the online mechanical keyboard retailer Drop.[20]

Products

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Corsair's ST100 headphone stand with Corsair's Void Pro RGB headphones
4GB DDR3 memory module with heat sink
Waterproofed 4GB Corsair USB memory stick

The company's products include:

Since the custom computer industry has experienced an increased interest in products with RGB lighting, Corsair has added this feature to almost all of their product lines. In the gaming industry, Corsair has its biggest share of the market in memory modules (around 44%[21]) and gaming keyboards (around 14%[22]).

See also

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References

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  1. ^ "Corsair Team". Retrieved Dec 16, 2019.
  2. ^ a b c "Corsair Gaming, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 27 February 2024.
  3. ^ "Corsair Gaming, Inc. 2022 Proxy Statement (Form DEF 14A)". U.S. Securities and Exchange Commission. 22 April 2022.
  4. ^ "Corsair". Contact. Retrieved 26 August 2022.
  5. ^ a b "Corsair, Form S-1/A, Filing Date May 28, 2010" (PDF). secdatabase.com. Retrieved Mar 28, 2013.
  6. ^ "Corsair Products". Retrieved 26 December 2014.
  7. ^ Hollister, Sean (2020-08-25). "Corsair Gaming is a billion-dollar company, and everything else we spotted in the IPO filing". The Verge. Retrieved 2021-01-10.
  8. ^ "Corsair TwinX1024-4000 PRO: Improving DDR500 Performance". AnandTech. 15 September 2003. Retrieved 17 December 2014.
  9. ^ Shilov, Anton. "Corsair launches Dominator Platinum Memory Modules for ASUS ROG Systems". Anandtech.com. Retrieved 16 September 2016.
  10. ^ Corsair, Official Website. "Vengeance Memory". Retrieved 17 December 2014.
  11. ^ Corsair, Official Website. "Dominator Memory". Retrieved 17 December 2014.
  12. ^ "CoolIT Systems Leads the Way with Liquid Cooling". 30 April 2021.
  13. ^ "Parker: CoolIT delivers Direct Liquid Cooling solutions to data centres".
  14. ^ Avalos, George (5 May 2021). "Tech gaming company says it will move Fremont HQ to Milpitas in expansion". The Mercury News.
  15. ^ Chen, Sam (26 July 2017). "EagleTree Capital Buys Majority Stake in CORSAIR for $525 Million". Custom PC Review. Retrieved 26 July 2017.
  16. ^ "CORSAIR to Acquire Elgato Gaming". Corsair. Retrieved 28 June 2018.
  17. ^ Faulkner, Cameron. Corsair has acquired enthusiast PC builder Origin PC. The Verge, July 24, 2019.
  18. ^ Corsair, Official Website. "Corsair Acquires Scuf Gaming". www.corsair.com. Retrieved 2019-12-17.
  19. ^ "Corsair Gaming, Inc. Form S-1". U.S. Securities and Exchange Commission. 21 August 2020.
  20. ^ Whitwam, Ryan (July 17, 2023). "Corsair Acquires Mechanical Keyboard Retailer Drop".
  21. ^ "Best Memory for Gaming". GmrPC. Retrieved 11 March 2021.
  22. ^ "Best Keyboard for Gaming". GmrPC. Retrieved 11 March 2021.
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