Rambus to Acquire Hardent, Accelerating Roadmap for Next-Generation Data Center Solutions
May 05 2022 - 9:00AM
Business Wire
Augments world-class engineering team with deep
SoC digital design expertise for Rambus CXL Memory Interconnect
Initiative
Rambus Inc. (NASDAQ: RMBS), a provider of industry-leading chips
and silicon IP making data faster and safer, today announced it has
signed an agreement to acquire Hardent, Inc. (“Hardent”), a leading
electronic design company. This acquisition augments the
world-class team of engineers at Rambus and accelerates the
development of CXL processing solutions for next-generation data
centers. With 20 years of semiconductor experience, Hardent’s
world-class silicon design, verification, compression, and Error
Correction Code (ECC) expertise provides key resources for the
Rambus CXL Memory Interconnect Initiative.
“Driven by the demands of advanced workloads like AI/ML and the
move to disaggregated data center architectures, industry momentum
for CXL-based solutions continues to grow,” said Luc Seraphin,
president and CEO of Rambus. “The addition of the highly-skilled
Hardent design team brings key resources that will accelerate our
roadmap and expand our reach to address customer needs for
next-generation data center solutions.”
“The Rambus culture and track record of technology leadership is
an ideal fit for Hardent," said Simon Robin, president and founder
of Hardent. “The team is looking forward to joining Rambus and is
excited to be part of a global company advancing the future of data
center solutions.”
In addition, Hardent brings complementary IP and services to the
Rambus Silicon IP portfolio, expanding the customer base and design
wins in automotive and consumer electronic applications. The
transaction is expected to close in the second calendar quarter of
2022 and will not materially impact results.
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About Rambus Inc. Rambus is a provider of
industry-leading chips and silicon IP making data faster and safer.
With over 30 years of advanced semiconductor experience, we are a
pioneer in high-performance memory subsystems that solve the
bottleneck between memory and processing for data-intensive
systems. Whether in the cloud, at the edge or in your hand,
real-time and immersive applications depend on data throughput and
integrity. Rambus products and innovations deliver the increased
bandwidth, capacity and security required to meet the world’s data
needs and drive ever-greater end-user experiences. For more
information, visit rambus.com.
Forward-looking statements
Information set forth in this press release, including
statements as to industry momentum for CXL-based solutions, the
impacts of the Hardent design team on Rambus' roadmap and reach,
and statements as to the expected timing, completion and effects of
the proposed acquisition, 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. 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 proposed
transaction; management’s plans relating to the proposed
transaction; the expected timing and completion of the proposed
transaction; statements of the plans, strategies and objectives of
Rambus for future operations; the successful integration of
Hardent; any statements regarding anticipated operational and
financial results, expected market share growth, and successful
product development; any statements of expectation or belief; the
risk that disruptions from the proposed 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/20220505005426/en/
Press Contact: Cori Pasinetti Rambus Corporate
Communications t: (650) 309-6226 cpasinetti@rambus.com
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