Inventors and management team join Rambus to continue developing
innovations and solutions for non-volatile memory
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus Inc. (NASDAQ:RMBS), one of the world's premier technology
licensing companies, today announced it has acquired privately-held
Unity Semiconductor, an innovative memory technology company for an
aggregate of $35 million in cash. As part of this acquisition, the Unity
team members have joined Rambus to continue developing innovations and
solutions for next-generation non-volatile memory. This acquisition will
expand the breadth of Rambus' breakthrough memory technologies and will
open up new markets for licensing. The boards of directors of both
companies have approved the acquisition and it has closed.
"At Rambus, we are creating disruptive technologies to enable future
electronic products," said Sharon Holt, senior vice president and
general manager of the Semiconductor Business Group at Rambus. "With the
addition of Unity, we can develop non-volatile memory solutions that
will advance semiconductor scaling beyond the limits of today's NAND
technology. This will enable new memory architectures that help meet
ever-increasing consumer demands."
"Rambus provides our team the perfect environment to continue the
technology development of non-volatile memory cells and architectures,"
said David Eggleston, president and chief executive officer at Unity
Semiconductor. "Our comprehensive set of design, process and device
solutions will complement Rambus' existing strong technology portfolio
and system capabilities."
Unity has developed a novel solid state memory technology intended to
replace NAND in the growing non-volatile memory market. With nine years
of development history, Unity's memory technology, CMOx™, has been
designed to accelerate the commercialization of the Terabit generation
of non-volatile memories. Devices using CMOx™ cell technology are
expected to achieve higher density, faster performance, lower
manufacturing costs and greater data reliability than NAND Flash.
About Rambus Inc.
Founded in 1990, Rambus is one of the world's premier technology
licensing companies. As a company of inventors, Rambus focuses on the
development of technologies that enrich the end-user experience of
electronic systems. Its breakthrough innovations and solutions help
industry-leading companies bring superior products to market. Rambus
licenses both its world-class patent portfolio, as well as its family of
leadership and industry-standard solutions. Rambus has offices in
California, North Carolina, Ohio, India, Germany, Japan, Korea, and
Taiwan. Additional information is available at www.rambus.com.
About Unity Semiconductor Corporation
Unity Semiconductor Corp., a memory technology company, is developing an
innovative solution for non-volatile solid state memory to replace NAND
in the $20 billion and growing market for flash memory in electronic
devices. Unity provides its technology and production know-how to memory
semiconductor companies as part of a broad licensing program. Unity has
been granted more than 147 US patents to date, which span device,
process, design and system application inventions.
Forward Looking Statements
This press release contains forward-looking statements related to
Rambus, Unity Semiconductor, the potential benefits of the acquisition,
and the development, capabilities and market acceptance of the acquired
technology. Actual events or results may differ materially from those
contained in the forward-looking statements. Please refer to the
documents Rambus files periodically with the SEC, including Rambus' most
recent Form 10-K and Form 10-Q, as well as Rambus' future filings. These
SEC filings contain and identify important factors that could cause
results of the acquisition and related transactions to differ materially
from those contained in Rambus' forward-looking statements. Although
Rambus believes that the expectations reflected in the forward-looking
statements are reasonable, Rambus cannot guarantee future results,
levels of activity, performance, or achievements. Rambus is under no
duty to update any of the forward-looking statements after the date of
this press release to conform to actual results.
RMBSTN
Rambus
Inc.
Carolyn Robinson, 408-462-8717
crobinson@rambus.com
or
The
Hoffman Agency for Rambus
Kari Ramirez, 408-975-3038
kramirez@hoffman.com
Source: Rambus Inc.
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