Cadence to Acquire Rambus PHY IP Assets
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
