Rambus Completes Acquisition of Hardent
May 24 2022 - 9:00AM
Business Wire
Strengthens CXL Memory Interconnect Initiative
and accelerates roadmap of data center solutions
Rambus Inc.(NASDAQ: RMBS), a provider of industry-leading chips
and silicon IP making data faster and safer, today announced the
completion of the acquisition of Hardent, Inc. (“Hardent"), a
leading SoC digital design company. CXL-based architectures will be
critical to meet the increasing demands of cloud data centers. CXL
memory expansion and pooling promise significant improvements in
per-core memory performance and capacity for data-intensive
workloads like AI/ML, and will deliver new efficiencies at scale
through composable infrastructure. With extensive semiconductor
experience, Hardent’s design expertise in advanced SoCs enhances
the world-class Rambus engineering team and provides key resources
to strengthen the Rambus CXL Memory Interconnect Initiative.
“Rambus is dedicated to advancing the new era of data center
architectures, and ongoing investment and innovation in CXL-based
solutions are key focus areas in our strategy,” said Luc Seraphin,
president and CEO of Rambus. “Hardent’s advanced SoC design
experience amplifies our CXL development efforts, and we are very
pleased to welcome our new colleagues to the Rambus team.”
This transaction will not materially impact 2022 financial
results.
For more information, visit rambus.com/hardent.
Follow Rambus:
Company website: rambus.com Rambus blog: rambus.com/blog
Twitter: @rambusinc LinkedIn: www.linkedin.com/company/rambus
Facebook: www.facebook.com/RambusInc
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 related to the potential of Hardent’s technology for
Rambus and its roadmap, and the effects of the 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 transaction;
management’s plans relating to the transaction; the potential
benefits, costs and results of CXL memory expansion and pooling;
plans, strategies and objectives of Rambus for future operations;
the successful integration of Hardent; Rambus’ anticipated
operational and financial results, expected market share growth,
and successful product development; the risk that disruptions from
the transaction will harm Rambus’ business; and 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220524005498/en/
Cori Pasinetti Rambus Corporate Communications t: (650) 309-6226
cpasinetti@rambus.com
Rambus (NASDAQ:RMBS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Rambus (NASDAQ:RMBS)
Historical Stock Chart
From Apr 2023 to Apr 2024