Junko Yoshida, Chief International Correspondent at UBM Electronics, recently reported that the automotive industry is still “ill equipped” to protect connected from hackers. Indeed, according to a survey conducted by the Ponemon Institute, only 41 percent of developers agreed secure software was a priority for their companies, while 28 percent disagreed.
Connected vehicles are still vulnerable to hacks
Perovskite memristor is just 5 nanometers thick
Professors Jennifer Rupp and Markus Kubicek of ETH Zurich have built a memristor based on a slice of perovskite measuring just 5 nanometers thick.
According to Science Daily, the component features three stable resistive states. Essentially, this means the device is capable of storing the 0 or 1 of a standard bit, and can also be used for information encoded by three states: the 0, 1 and 2 of a “trit.”
Searching for life on Mars with spider silk sensors
Did you know that optical sensors made with spider silk could one day help scientists search for trace gases such as ammonia produced by biological processes on Mars?
“The scientists hunting for life on Mars would like to be able to test for small amounts of ammonia,” reports Neil Savage of IEE Spectrum. “[These] might be emitted by the metabolism of microbes, so they need a sensor that can detect that while remaining insensitive to the large amounts of carbon dioxide in the Martian atmosphere.”
Researchers eye graphene for next-gen memory chips
Stanford engineers have demonstrated a number of post-silicon memory materials and technologies based on graphene. According to Ramin Skibba of Stanford News, the materials are capable of storing significantly more data per square inch – all while sipping a fraction of the energy consumed by current memory chips.
This memory chip orbited the earth on March 23, 1965
Engadget’s Nathan Ingraham recently reported that a piece of RANAM (Random Access Non-Destructive Readout) from NASA’s Gemini 3 spacecraft is up for auction. The RANAM – containing 4096 bits of information – was a part of the first Gemini spacecraft on-board computer ever to fly on a manned mission.
Rambus Initiates Accelerated Share Repurchase Program
SUNNYVALE, Calif. ― October 26, 2015 ― Rambus Inc. (NASDAQ:RMBS) today announced it has initiated an accelerated share repurchase program with Citibank, N.A. to repurchase an aggregate of approximately $100 million of its common stock, with an initial delivery of approximately 7,812,500 shares.
“This share repurchase program showcases the confidence we have in our strategic programs and the growth we believe they will ultimately create,” said Dr. Ron Black, president and chief executive officer at Rambus. “We believe this buy-back program highlights our ability to continue the investment in critical technology areas while delivering shareholder value.”
Under the accelerated share repurchase program, Rambus will pre-pay to Citibank, N.A. the $100 million purchase price for common stock and, in turn, Rambus will receive an initial delivery of approximately 7,812,500 shares of its common stock from Citibank, N.A. within the first week of the program. The number of shares to be ultimately purchased by Rambus will be determined based on the volume weighted average price of the common stock during the terms of the transaction, minus an agreed upon discount between the parties. The program is expected to be completed by June 2016. The shares of common stock will be delivered by Citibank, N.A. to Rambus on the third business day following the calculation period described above.
The accelerated share repurchase program is part of the broader share repurchase program previously authorized by the Rambus Board of Directors. As of October 26, 2015, before giving effect to the transaction under the accelerated share repurchase program, there remained an outstanding authorization under the broader share repurchase program to repurchase approximately 20 million shares of the outstanding common stock.
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, 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.
Forward-Looking Statements
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 relating, among other things, to the purchase price of shares acquired pursuant to the accelerated share repurchase program, the timing and the duration of prospective share purchases, the amount of cash that may be expended in connection with such share repurchases and the potential growth from our strategic programs. Such forward-looking statements are based on current expectations, estimates and projections, management’s beliefs and certain assumptions made by the Company’s management. Actual results may differ materially. Rambus undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
