SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus
Inc. (NASDAQ:RMBS) today announced it has successfully completed the
acquisition of the assets of Semtech's Snowbush IP. The closing purchase
price totaled $32 million, including additional payments based upon
specific new product sales through the end of 2022.
As announced in June,
Rambus plans to integrate the Snowbush IP assets into its Memory and
Interfaces Division to bolster its SerDes and IP offerings, addressing
critical needs of the server, networking and data center market.
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, expected addition to pro forma earnings within
18-24 months, growth opportunities of the SerDes market, and the ability
to bolster the Rambus IP and 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/20160808006108/en/
Racepoint Global
Hilary Costa, 415-694-6705
hcosta@racepointglobal.com
Source: Rambus Inc.
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