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Rambus Closes Sale of Payments and Ticketing Businesses to Visa

For more information, please visit Visa here.

Divestiture reinforces Rambus’ focus on core strength in semiconductor and accelerated growth in silicon IP and chips

SUNNYVALE, Calif. – Oct. 22, 2019 – Rambus (NASDAQ: RMBS), a premier silicon IP and chip provider dedicated to delivering data faster and safer, today announced the completion of the previously-announced sale of its Payments and Ticketing businesses to Visa (NYSE: V).

“With 30 years of experience pushing the envelope in semiconductor design, we look toward a future of continued innovation to carry on our mission of making data faster and safer,” said Rambus president and CEO Luc Seraphin. “We’re excited to have found an acquirer that will provide the Payments and Ticketing businesses a platform for continued success. Completing this transaction is a critical step forward in refocusing and accelerating the growth of our core semiconductor businesses.”

The sale marks another key milestone in the ongoing execution of Rambus’ strategy, delivering on its core strengths in high-speed interface IP and chips, and embedded security.

SEAKR Selects Rambus SerDes and Security IP for Aerospace and Satellite Communications

Highlights:

  • SEAKR chooses Rambus 28G Multi-protocol long reach (LR) SerDes PHY and CryptoManager Root of Trust for aerospace and satellite communications
  • Combined SerDes and Security IP portfolio offers a one-stop-shop for chip designers, making data faster and safer
  • Silicon-proven technologies help enable faster, more secure, mission-critical aerospace electronic systems

SUNNYVALE, CA, and CENTENNIAL, CO – October 16, 2019 – Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip provider making data faster and safer, today announced that SEAKR® Engineering, a leading-edge provider of advanced electronics for space applications, selected the Rambus 28G Multi-protocol LR SerDes PHY and the CryptoManager Root of Trust for its next-generation ASIC and FPGA designs.

“We’re delighted that SEAKR has chosen Rambus high-speed interface and defense-grade security cores to provide their customers innovative and silicon-proven technologies,” said Sean Fan, chief operating officer at Rambus. “Leading-edge IP solutions are mission critical to addressing the system design challenges for aerospace and satellite communications. Rambus best-in-class power, performance and area (PPA), including versatile and multi-protocol SerDes solutions and silicon-proven architecture were key differentiators in SEAKR’s decision.”

Today’s aerospace hardware contains highly-complex microelectronics that include advanced processing, data storage, and data communications capabilities. It is important to deliver both the performance needed by aerospace hardware and the means to ensure the data processed, stored and communicated remains secure. Our industry-leading interface and security IP solutions make possible faster, more secure, mission-critical electronic systems.

The Rambus portfolio of silicon IP provides a one-stop-shop for high-speed interface and security IP. The 28G Multi-protocol LR SerDes PHY is designed with a system-oriented approach, taking the interface, interconnect and channel into account to optimize performance and maximize flexibility for today’s most challenging system environments. The CryptoManager Root of Trust is a family of fully-programmable secure co-processors that provides a foundation for system security anchored in hardware and protect against a wide range of attacks with state-of-the-art anti-tamper and security techniques.

“Rambus’ ability to provide IP solutions for both moving and securing data with state-of-the-art performance was a key benefit in the selection process,” said Tony Lowry, ASIC program manager at SEAKR. “We are delighted to partner with Rambus as a valued silicon IP provider for both high-speed interfaces and embedded security, enabling SEAKR to support the advanced performance and data security needs for our aerospace customers, bringing these complex systems to market more quickly.”

For more information on Rambus SerDes PHY offerings, please visit rambus.com/serdes. Find out more details on Rambus security solutions at rambus.com/cryptomanager.

Rambus Signs Agreement to Acquire Silicon IP and Secure Protocols Business from Verimatrix

SUNNYVALE, Calif. – Sep. 11, 2019 – Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip provider making data faster and safer, today announced it has signed an asset purchase agreement to acquire the Silicon IP and Secure Protocols business of Verimatrix (Euronext Paris: VMX), formerly Inside Secure, for $65 million in cash. With the proposed acquisition, the world-class embedded security teams, products and expertise from Verimatrix and Rambus will combine to create the industry’s most comprehensive portfolio of silicon-proven security IP and chip provisioning solutions.

As previously announced, the parties have entered into an exclusivity agreement with respect to the proposed transaction as of September 3, 2019. This acquisition is expected to close this year and is subject to customary closing conditions, including certain regulatory approvals.

Forward-looking statements

Information set forth in this press release, including statements as to Rambus’ outlook and statements as to the expected timing, completion and effects of the proposed acquisition, 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 proposed transaction; management’s plans relating to the proposed transaction; the expected timing and completion of the proposed 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 proposed 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.

Rambus to Acquire Silicon IP and Secure Protocols Business from Verimatrix, Creating Global Authority in Semiconductor Security IP

Highlights:

  • Combined products and expertise to create industry’s most comprehensive portfolio of silicon-proven security IP and chip provisioning solutions
  • Augments mission-critical, hardware-based security solutions for data center, artificial intelligence (AI), networking, IoT and automotive applications
  • Expands global reach to provide security solutions worldwide 

SUNNYVALE, Calif. – September 3, 2019 – Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip provider making data faster and safer, today announced it has entered into an exclusivity agreement to acquire the Silicon IP, Secure Protocols and Provisioning business from Verimatrix, formerly Inside Secure, a global provider of security and analytics solutions that protect devices, services and applications. The parties intend to enter into an asset purchase agreement with respect to the proposed transaction upon completion of certain pre-conditions. With this acquisition, the world-class embedded security teams from Verimatrix and Rambus will bring together their 25-year histories of developing leading-edge security IP. Hardware-based security has become mission critical for protecting the SoCs and devices in demanding applications such as AI, Networking, IoT and Automotive. The integrated portfolio of products, which will combine the secure silicon IP and provisioning solutions from both companies, will create the most comprehensive silicon-proven security IP offering in the industry.

“The embedded security team at Verimatrix has a well-recognized and long-standing history of providing security at the heart of SoCs,” said Luc Seraphin, president and CEO of Rambus. “Their combination of products and expertise is highly complementary to our existing business and will expand our global reach for our worldwide security customer base.”

“The Silicon IP, Secure Protocols and Provisioning business from Verimatrix is at the forefront of securing connected semiconductors,” said Amedeo D’Angelo, chairman and CEO of Verimatrix. “Integrating the Verimatrix embedded security team into Rambus, a recognized leader in hardware-based security, will deliver the most comprehensive portfolio of security solutions in the industry.”

With the growing threat environment, it is imperative to protect complex electronic systems at their foundation with hardware-based security IP solutions, including crypto cores, hardware root of trust, and high-speed protocol engines. This acquisition will enable Rambus to provide solutions to address our customer’s security challenges with the most resilient and deployable embedded security on the market.

The transaction is expected to close this year and will be subject to customary signing and closing conditions.

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Rambus Expands Family of CryptoManager Root of Trust Secure Silicon IP Cores

Highlights:

  • Offers tailored configurations addressing the security needs of Internet of things (IoT), artificial intelligence (AI), machine learning (ML), cloud, government, military and automotive applications
  • Employs fully programmable hardware-level security co-processor with the ability to adapt to a dynamic threat environment
  • Purpose-built, complete security solution offers ease of integration into SoC designs
  • Features FIPS 140-2 ready crypto module and accelerators and DPA resistant crypto cores; designed for automotive-specific configuration ISO-26262-2018 ASIL-D

CryptoManager Root of Trust

SUNNYVALE, Calif. – June 26, 2019 – Rambus Inc. (NASDAQ: RMBS) today announced the expansion of the CryptoManager Root of Trust family of products, a series of fully programmable, hardware-level secure silicon IP cores to address the security needs of applications including IoT, AI, ML, cloud, government, military and automotive. CryptoManager cores employ a siloed architecture. They isolate and secure sensitive code, processes, and algorithms from the main processor cores. This mitigates the risk of critical vulnerabilities like the Meltdown and Spectre security flaws. The CryptoManager Root of Trust is purpose-built for security — it features tailored configurations that allow chip designers to optimize main processors for high performance, while relying on the root of trust to perform security processes.

“Security is a mission critical imperative for SoC designs serving virtually every application space,” said Neeraj Paliwal, vice president of products, cryptography at Rambus. “The Rambus CryptoManager Root of Trust family offers tailored secure silicon IP solutions which chip architects can incorporate to meet the specific security needs of their designs.”

Offering a full array of security services, the CryptoManager Root of Trust enables secure boot and runtime integrity checking, remote authentication and attestation, and hardware acceleration for symmetric and asymmetric cryptographic algorithms. Featuring a layered security model, Federal Information Processing Standards (FIPS) 140-2 certified crypto accelerators, and multiple roots of trust to support independent privilege levels, the CryptoManager Root of Trust serves a wide range of applications.

The CryptoManager Root of Trust creates a foundation for Rambus’ comprehensive CryptoManager suite of solutions, including the CryptoManager Infrastructure for secure provisioning. For more information on the Rambus CryptoManager Root of Trust family of cores, visit rambus.com/security/cryptomanager-platform/root-of-trust/.

CryptoManager Root of Trust Technical Details

Within the product family, seven standard configurations address the specific security requirements and certification standards of different end markets. The RT-730 automotive design offers an ISO-26262-2018 ASIL-D-ready implementation, targeting vehicle-to-vehicle and vehicle-to-infrastructure (V2X), advanced driver-assistance systems (ADAS), and infotainment uses. For cloud, AI and ML accelerator chips, the RT-630 helps secure valuable training models, and training and inference data. For government-focused chip designs, the RT-650 offers a design that targets FIPS 140-2 Cryptographic Module Validation Program (CMVP) certification with Suite B accelerators. The RT-660 extends the functionality of RT-650 with the addition of Differential Power Analysis resistant cryptographic cores.

The CryptoManager Root of Trust family of products offers an end-to-end security implementation, comprised of a fully synthesizable IP core that anchors trust in silicon. It includes state-of-the-art crypto accelerators, security firewalls, an entropy source, secure key generation and derivation, secure one-time programmable (OTP) memory management, and a complete secure embedded firmware stack. The secure firmware stack offers secure boot for the root of trust as well as the SoC CPU(s), communicating securely with the SoC stack and running signed secure applications on the root of trust’s CPU. A reference SDK allows integrators to build secure boot, secure firmware updates and secure applications, with provided examples and references. Available evaluation boards and QEMU allow chip designers to easily evaluate the CryptoManager Root of Trust and secure applications.

CryptoManager Root of Trust RT-730 Product Brief

Download the CryptoManager Root of Trust RT-730 product brief.

Product brief overview:

  • Learn about the RT-730 features and offerings
  • Understand how the Root of Trust protects against attacks with anti-tamper and security techniques

To learn more about the CryptoManager Root of Trust RT-730, please click here.

CryptoManager Root of Trust RT730 product brief cover
Download Brief

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