Rambus to Acquire Memory Interconnect Business from Inphi
June 30 2016 - 8:00AM
Business Wire
Combination creates strong market position for
memory chipset business
Rambus Inc. (NASDAQ:RMBS) today announced it has signed a
definitive agreement to purchase the Memory Interconnect Business
from Inphi Corporation (NYSE:IPHI) for $90M in cash. The
acquisition includes all assets of the Inphi Memory Interconnect
Business including product inventory, customer contracts, supply
chain agreements and intellectual property. The combined business
further strengthens Rambus’ market position for memory buffer chip
products and amplifies execution for future memory programs to meet
the needs of the server, networking and data center market.
“We are constantly evaluating ways to build upon our solid
foundation and grow our businesses in order to better meet the
needs of today’s market dynamics,” said Dr. Ron Black, president
and chief executive officer at Rambus. “By combining our buffer
chip team with the Memory Interconnect Business of Inphi, we are
able to instantly gain a strong market position and be well
situated for future growth. This acquisition brings existing
product revenue, proven technology, and faster time-to-market with
a best-in-class memory technologies portfolio.”
Inphi is a leading provider of high-speed analog and
mixed-signal semiconductor solutions, having created solutions that
accelerate the movement of data across a wide variety of
applications in the server, data center and computing markets. The
combination of Inphi products and Rambus server DIMM chipset
offerings will provide fast, efficient solutions and expand the
Rambus product offerings.
This acquisition remains subject to customary closing conditions
and is expected to close during the third quarter of 2016. These
acquired technologies will be part of the Rambus Memory and
Interfaces Division. To learn more about Rambus and the Memory and
Interfaces division, visit rambus.com/memory-and-interfaces.
Conference Call
Rambus management will host a conference call at 6:00 a.m. PT
today to discuss this acquisition. The call will be webcast and
available online at investor.rambus.com. A replay will be available
following the call as a webcast on the Rambus Investor Relations
website and for one week at the following numbers: (855) 859-2056
(domestic) or (404) 537-3406 (international) with ID# 43757903.
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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, 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 bolster 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
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Racepoint GlobalHilary Costa, 415-694-6705hcosta@racepointglobal.com
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