SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus
Inc. (NASDAQ:RMBS) today announced it has successfully completed the
acquisition of all the assets of Inphi Memory Interconnect Business,
including product inventory, customer contracts, supply chain
agreements, and intellectual property. The closing purchase price for
Inphi Memory Interconnect Business was $90 million in cash.
Rambus announced this acquisition in June
to strengthen its market position for memory buffer chip products and
execute on programs that meet the needs of the server, networking and
data center market. With this acquisition, Rambus remains committed to
deliver on existing customer contracts and continue the development of
next-generation memory types.
To learn more about Rambus and the Memory and Interfaces division, visit rambus.com/memory-and-interfaces.
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About Rambus Memory and Interfaces Division (MID)
The Rambus Memory and Interfaces division develops products and services
that solve the power, performance, and capacity challenges of the
mobile, connected device, and cloud computing markets. Rambus enhanced
standards-compatible and custom memory and serial link solutions include
chips, architectures, memory and chip-to-chip interfaces, DRAM, IP
validation tools, and system and IC design services. Developed through
our system-aware design methodology, Rambus products deliver improved
time-to-market and first-time-right quality.
About Rambus Inc.
Rambus creates cutting-edge semiconductor and IP products, spanning
memory and interfaces to security, smart sensors and lighting. Our
chips, customizable IP cores, architecture licenses, tools, services,
software, training and innovations improve the competitive advantage of
our customers. We collaborate with the industry, partnering with leading
ASIC and SoC designers, foundries, IP developers, EDA companies and
validation labs. Our products are integrated into tens of billions of
devices and systems, powering and securing diverse applications,
including Big Data, Internet of Things (IoT), mobile, consumer and media
platforms. At Rambus, we are makers of better. For more information,
visit rambus.com.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 as
amended, including statements regarding the potential benefits and
incorporation of the acquired technologies into the Rambus Memory and
Interfaces division, growth opportunities of the buffer chip market, and
the ability to strengthen the Rambus product offerings. These
forward-looking statements are based on current expectations, estimates,
assumptions and projections that are subject to change. Actual results
may differ materially from the forward-looking statements due to a
variety of factors including, but not limited to, risks and
uncertainties described from time to time in Rambus' annual report on
Form 10-K, quarterly reports on Forms 10-Q and other periodic filings
with the Securities and Exchange Commission. All forward-looking
statements are made as of the date of this press release and Rambus does
not undertake any obligation to update any forward-looking statements
based on new developments or changes in expectations.
RMBSFN
View source version on businesswire.com: http://www.businesswire.com/news/home/20160804006406/en/
Racepoint Global
Hilary Costa, 415-694-6705
hcosta@racepointglobal.com
Source: Rambus Inc.
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