Rambus Completes Acquisition of Snowbush IP Assets
August 08 2016 - 4:30PM
Business Wire
Rambus Inc. (NASDAQ:RMBS) today announced it has successfully
completed the acquisition of the assets of Semtech’s Snowbush IP.
The closing purchase price totaled $32 million, including
additional payments based upon specific new product sales through
the end of 2022.
As announced in June, Rambus plans to integrate the Snowbush IP
assets into its Memory and Interfaces Division to bolster its
SerDes and IP offerings, addressing critical needs of the server,
networking and data center market.
To learn more about Rambus and the Memory and Interfaces
division, visit rambus.com/memory-and-interfaces.
Follow Rambus:Company website: rambus.comRambus blog:
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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, software, 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, expected addition to pro forma
earnings within 18-24 months, growth opportunities of the SerDes
market, and the ability to bolster the Rambus IP and 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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version on businesswire.com: http://www.businesswire.com/news/home/20160808006108/en/
Racepoint GlobalHilary Costa, 415-694-6705hcosta@racepointglobal.com
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