Rambus Completes Sale of PHY IP Assets to Cadence
07 Setembro 2023 - 10:00AM
Business Wire
Rambus Inc. (NASDAQ: RMBS) a premier chip and silicon IP
provider making data faster and safer, today announced the
completion of the previously announced sale of its PHY IP business
to Cadence Design Systems, Inc. With this transaction, Rambus
strengthens its focus on high-growth chips and digital IP,
including novel memory solutions for high-performance computing, to
support the continued evolution of the data center and AI.
Separately, Rambus affirmed its previously issued guidance for
the fiscal quarter ending September 30, 2023, as set forth on the
Current Report on Form 8-K furnished with the Securities and
Exchange Commission on July 31, 2023.
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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 Rambus’ outlook and financial estimates and
statements as to the expected timing, completion and effects of the
divestiture, 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 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/20230905013543/en/
Cori Pasinetti Rambus Corporate Communications t: (650) 309-6226
cpasinetti@rambus.com
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