Rambus to Acquire Northwest Logic, Extending Leadership in Interface IP
July 29 2019 - 9:00AM
Business Wire
Highlights:
- Complementary product portfolio of PHYs and controllers further
accelerates Rambus growth
- Expands solutions for data center, artificial intelligence
(AI), machine learning (ML), communications and automotive
applications
- Combined offerings, including HBM2, GDDR6, DDR4 and PCI Express
(PCIe), create one-stop-shop for SoC designers
Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip
provider making data faster and safer, today announced it has
signed a definitive agreement to acquire Northwest Logic, a market
leader in memory, PCIe and MIPI digital controllers. Northwest
Logic’s high-performance, high-quality and silicon-proven digital
IP controller cores are optimized for use in both ASICs and FPGAs.
Interface IP solutions consisting of a physical interface (PHY) and
companion digital controller make it possible to optimize the
transfer of data between chips and electronic devices. Every SoC
design that uses a Memory or a PCIe or a MIPI PHY also needs to use
a controller associated with it. The combination of complementary
digital and physical IP portfolios from Northwest Logic and Rambus
will create a one-stop-shop for customers.
“With this acquisition, we expand our leading product portfolio
for high-performance markets such as data center, networking,
artificial intelligence, machine learning and automotive,” said
Hemant Dhulla, vice president and general manager of IP Cores at
Rambus. “Northwest Logic’s innovative, best-in-class digital
controllers complement Rambus’ proven strength in high-speed
physical IP cores. Together, we will offer one of the most
comprehensive high-performance interface IP solutions in the
industry, leveraging our core strength in semiconductors, strong
go-to-market advantage and global reach.”
Brian Daellenbach, president and CEO, Northwest Logic said:
“Northwest Logic’s category-leading digital controllers fit
perfectly with Rambus’ leadership portfolio of high-speed PHY
solutions. This deal creates a one-stop-shop for SoC designers
working on state-of-the-art applications across a broad range of
high-performance markets. We look forward to continue serving our
existing customers and working with our PHY partners.”
Critical to enabling the high performance of data center,
networking, AI, ML and automotive applications, this acquisition
will bring together the physical and digital IP core families from
renowned market leaders to offer comprehensive memory and SerDes IP
solutions for chip designers.
The transaction is expected to close in the current calendar
quarter of 2019. Although this transaction will not materially
impact 2019 results due to the expected timing of close and
acquisition accounting, Rambus expects this acquisition to be
accretive in 2020.
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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.
Forward-looking statements
Information set forth in this press release, including
statements as to Rambus’ outlook and financial estimates and
statements as to the expected timing, completion and effects of the
proposed acquisition of Northwest Logic, constitute forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.
These statements are based on various assumptions and the
current expectations of the management of Rambus and may not be
accurate because of risks and uncertainties surrounding these
assumptions and expectations. Factors listed below, as well as
other factors, may cause actual results to differ significantly
from these forward-looking statements. There is no guarantee that
any of the events anticipated by these forward-looking statements
will occur, or what effect they will have on the operations or
financial condition of Rambus or Northwest Logic. Forward-looking
statements included herein are made as of the date hereof, and
Rambus undertakes no obligation to publicly update or revise any
forward-looking statement unless required to do so by federal
securities laws.
Major risks, uncertainties and assumptions include, but are not
limited to: the expected benefits and costs of the transaction;
management plans relating to the transaction; the expected timing
of the completion of the transaction; the satisfaction of all
closing conditions to the transaction; statements of the plans,
strategies and objectives of Rambus for future operations; any
statements regarding anticipated operational and financial results;
any statements of expectation or belief; the risk that disruptions
from the transaction will harm Rambus’ business; other factors
described under "Risk Factors" in Rambus’ Annual Report on Form
10-K and Quarterly Reports on Form 10-Q; and any statements of
assumptions underlying any of the foregoing. It is not possible to
predict or identify all such factors. Consequently, while the list
of factors presented here is considered representative, no such
list should be considered to be a complete statement of all
potential risks and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20190729005151/en/
Cori Pasinetti Rambus Corporate Communications t: (408) 462-8306
cpasinetti@rambus.com
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