Press Releases Archives

Rambus Reports Third Quarter 2023 Financial Results

October 30, 2023

Delivered strong Q3 results with revenue and earnings above the midpoint of guidance Generated $51.6 million in cash from operations and completed $100.0 million accelerated share repurchase program Completed the sale of the PHY IP business, strengthening focus on chips and digital IP Produced quarterly product revenue of $52.2 million driven by memory interface chips SAN JOSE, Calif. – October 30, 2023 – Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported

Rambus Boosts AI Performance with 9.6 Gbps HBM3 Memory Controller IP

October 25, 2023

Highlights: Enhances Rambus high-performance memory IP portfolio for AI/ML and other advanced data center workloads Supports future evolution of HBM3 memory standard with up to 9.6 Gbps data rates Enables industry-leading memory throughput of over 1.2 TB/s SAN JOSE, Calif. – Oct. 25, 2023 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that the Rambus HBM3 Memory Controller IP now delivers up to 9.6 Gigabits per second (Gbps) performance supporting

Rambus Added to PHLX Semiconductor Sector Index (SOX)

September 18, 2023

SAN JOSE, Calif. – September 18, 2023 – Rambus Inc. (NASDAQ: RMBS) a premier chip and silicon IP provider making data faster and safer, today announced the company has been added to the PHLX Semiconductor Sector IndexSM (SOXSM), effective September 18, 2023. “We are very pleased to join other major semiconductor companies in the PHLX Semiconductor Sector Index on Nasdaq,” said Luc Seraphin, president and chief executive officer at Rambus. “This is a great milestone for Rambus in our ongoing evolution

Rambus Completes Sale of PHY IP Assets to Cadence

September 7, 2023

SAN JOSE, Calif. – September 7, 2023 – 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

Rambus Safeguards Accelerated Computing with FPGA-targeted Security IP

August 22, 2023

Highlights: Bring FPGAs with a state-of-the-art offering of security IP products Secures the broad range of FPGAs from high-performance accelerators to low-power, lightweight devices Supports FPGAs serving applications for the Data Center, Artificial Intelligence / Machine Learning, Edge, IoT, Defense, and more SAN JOSE, Calif. – Aug. 22, 2023 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced a full suite of Security IP solutions for the FPGA market with state-of-the-art cryptographic, side-channel,

Rambus Initiates $100 Million Accelerated Share Repurchase Program

August 11, 2023

SAN JOSE, Calif., August 11, 2023 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it initiated an accelerated share repurchase program with Royal Bank of Canada, through its agent RBC Capital Markets, LLC to repurchase an aggregate of approximately $100 million of its common stock. “This program is part of our strategic approach to capital allocation and demonstrates our confidence in the long-term growth of the company,” said Luc Seraphin, president and chief

Rambus Reports Second Quarter 2023 Financial Results

July 31, 2023

Delivered strong Q2 results with revenue in line and earnings at the high end of guidance Generated $50.4 million in cash from operations Produced quarterly product revenue of $55.0 million driven by memory interface chips SAN JOSE, Calif. – July 31, 2023 – Rambus Inc. (NASDAQ:RMBS), a provider of industry-leading chips and IP making data faster and safer, today reported financial results for the second quarter ended June 30, 2023. GAAP revenue for the second quarter was $119.8 million, licensing billings

Cadence to Acquire Rambus PHY IP Assets

July 20, 2023

Transaction to enrich Cadence’s established IP portfolio and strengthen Rambus’s focus on high-growth chips and digital IP SAN JOSE, Calif., July 20, 2023—Cadence Design Systems, Inc. (Nasdaq: CDNS) and Rambus Inc. (Nasdaq: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that they have entered into a definitive agreement for Cadence to acquire the Rambus SerDes and memory interface PHY IP business. Rambus will retain its digital IP business, including memory and interface controllers

Rambus Delivers Quantum Safe IP Solutions with Next-Generation Root of Trust for Data Center Security

July 12, 2023

Highlights: Expands industry-leading security IP offerings with first in a family of Quantum Safe IP solutions Next-gen Root of Trust safeguards data centers and communications from future attacks in post quantum computing era State-of-the-art programmable security solution protects hardware and data with NIST and CNSA quantum-resistant algorithms SAN JOSE, Calif. – July 12, 2023 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced the first in a family of Quantum

Rambus and Socionext Renew Patent License Agreement

May 17, 2023

SAN JOSE, Calif. – May 17, 2023 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced that it has extended its patent license agreement with Socionext Inc., a global leader in the design and development of innovative System-on-Chip products. Under the terms of the agreement, Socionext will continue to license the broad portfolio of Rambus patented technologies. Specific terms of the agreement are confidential. “We are very pleased to extend

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