Enterprise to focus on memory for embedded and IoT devices
SUNNYVALE, Calif. & BEIJING--(BUSINESS WIRE)--
Rambus
Inc. (NASDAQ: RMBS) today announced a joint venture in China,
Reliance Memory, has been formed to commercialize Resistive Random
Access Memory (RRAM) technology, with partner GigaDevice, a leading
provider in China of non-volatile memory solutions and 32-bit
microcontrollers, along with strategic investment partners THG Ventures,
West Summit Capital, Walden International and Zhisland Capital. The new
venture will bring next-generation memory technology to market for use
in embedded devices.
“Rambus has invested in RRAM technology for several years, and this
joint venture is a natural way of continuing to develop this technology
for the embedded market,” said Dr. Ron Black, CEO of Rambus. “By working
together, Rambus and GigaDevice will enable this joint venture to
provide innovative memory solutions for the next wave of
state-of-the-art mobile devices.”
RRAM is a form of non-volatile storage that works by changing the
resistance of unique solid dielectric material. RRAM devices, also known
as memristors, change resistance when different voltages are applied.
RRAM offers lower power than traditional embedded non-volatile storage,
which makes it ideal for Internet of Things (IoT) applications, where
low power is critical.
“We pride ourselves on providing the widest range of non-volatile memory
solutions available for our customers,” said Yiming Zhu, CEO,
GigaDevice. “This strategic investment is aimed at delivering emerging
memory solutions for our family of GD32 microcontrollers and other
future embedded products in applications such as the Internet of Things.”
“We are pleased to be the lead investor in forming this joint venture to
explore the new era of memory technologies with Rambus and GigaDevice,”
said Jun Xue, founding partner of THG Ventures. “Our strong track record
in technology investments provides us with great confidence that new
opportunities continue to develop with exciting technologies for the
global market.”
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About Rambus Inc.
Dedicated to making data faster and safer, Rambus creates innovative
hardware, software and services that drive technology advancements from
the data center to the mobile edge. Our architecture licenses, IP cores,
chips, software, and services span memory and interfaces, security, and
emerging technologies to positively impact the modern world. We
collaborate with the industry, partnering with leading chip and system
designers, foundries, and service providers. Integrated into tens of
billions of devices and systems, our products and technologies power and
secure diverse applications, including Big Data, Internet of Things
(IoT) security, mobile payments, and smart ticketing. For more
information, visit rambus.com.
Source: Rambus Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180504005156/en/
Source: Rambus Inc.