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Rambus Inc (NASDAQ: RMBS) is a leading semiconductor solutions provider known for developing cutting-edge memory and interface technologies. The company specializes in high-speed, high-security computer chips and Silicon Intellectual Property (IP) that cater to a broad range of industries. Rambus' key product offerings include memory interface chips, designed for exceptional speed and efficiency; silicon IP, which ensures high-speed memory and robust chip-to-chip connectivity; and architecture licenses, allowing customers to integrate Rambus' patented innovations into their own digital electronic products.
Rambus delivers a suite of customizable IP cores, architecture licenses, tools, services, training, and innovative solutions that empower customers to enhance their competitive edge in the market. The company serves a global clientele with significant revenue contributions from the United States, Taiwan, Asia, Japan, and Singapore.
Recently, Rambus has achieved several milestones, including the development of advanced security solutions and smart sensor technologies, catering to the increasing demands for secure and intelligent electronic components. The company's ongoing projects include collaborations with industry leaders to integrate their high-performance chips and silicon IP into next-generation digital devices.
Financially, Rambus continues to show strong performance, with steady revenue growth and a robust pipeline of projects and partnerships. The company’s strategic focus on innovation and customer-centric solutions has solidified its position as a key player in the semiconductor industry.
Stay updated with the latest news and developments from Rambus Inc., a company at the forefront of semiconductor technology.
Rambus Inc. (NASDAQ: RMBS) announced the launch of its new HBM3-ready memory interface subsystem, which features a fully-integrated PHY and digital controller. This solution supports data rates up to 8.4 Gbps and delivers over 1 Terabyte per second of bandwidth, more than double that of previous HBM2E subsystems. The technology is positioned to meet the high bandwidth demands of AI and ML applications, leveraging over 30 years of design expertise. Customers will benefit from accelerated time to market and reduced design complexity.
Rambus Inc. (NASDAQ:RMBS) reported robust Q2 2021 financials with GAAP revenue of $84.9 million, surpassing expectations. Key figures include licensing billings of $65.2 million, product revenue of $31.2 million, and net income of $11.2 million, translating to $0.10 EPS. Operating cash flow was $51.6 million. The firm remains focused on semiconductor growth and anticipates strong demand in next-generation data centers. Third-quarter revenue guidance suggests licensing billings between $59-$65 million.
Rambus Inc. (RMBS) will host a conference call on August 2, 2021, at 2:00 p.m. PT to discuss its Q2 fiscal year 2021 results. The call will be webcast live on Rambus' website, and a replay will be accessible afterwards. Rambus specializes in high-performance chips and silicon IP, enhancing data speed and security across various applications. The company has over 30 years of semiconductor experience, focusing on addressing data throughput and integrity challenges in modern technology.
Rambus Inc. (NASDAQ: RMBS) has completed the acquisition of AnalogX, enhancing its PCIe 5.0 and 32G Multi-protocol PHYs with innovative SerDes technology aimed at ultra-low power and low latency applications. This acquisition strengthens Rambus' roadmap towards PAM4-based PCIe 6.0 and CXL™ 3.0 solutions, contributing valuable technology to the CXL Memory Initiative. While the acquisition will not materially impact 2021 financial results, it is projected to be accretive in 2022, indicating potential growth and synergies moving forward.
Rambus Inc. (NASDAQ: RMBS) announced the launch of the CXL Memory Interconnect Initiative aimed at enhancing semiconductor solutions for advanced data center architectures. This initiative will bolster performance, efficiency, and cost reduction in data centers by leveraging Compute Express Link™ (CXL) technology. The company will focus on memory expansion and pooling use cases and build on its acquisitions of PLDA and AnalogX. Rambus is committed to collaborating with various stakeholders to expedite development of these innovative solutions.
Rambus Inc. (RMBS) announced its agreement to acquire PLDA, a leader in CXL and PCIe digital solutions, aiming to enhance its data center offerings. This acquisition is timely as the industry shifts towards disaggregated architectures, enhancing performance and reducing ownership costs. The integration of PLDA's digital IP will significantly bolster Rambus's portfolio and accelerate the development of new memory interconnect products. Expected to close in Q3 2021, the deal is projected to be accretive by 2022.
Rambus Inc. (NASDAQ: RMBS) has initiated an accelerated share repurchase program, aiming to repurchase approximately $100 million of its common stock, starting with an initial delivery of about 4.0 million shares. This move reflects Rambus' confidence in its growth prospects and is supported by a robust balance sheet. The program is expected to conclude within six months and is part of a broader 20 million share repurchase program authorized in October 2020. Rambus has reaffirmed its guidance for the fiscal quarter ending June 30, 2021.
Rambus Inc. (RMBS), based in San Jose, California, announced its participation in several investor events in May and June 2021. Key presentations will be made by CFO Rahul Mathur at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 3:00 p.m. ET. Additionally, both CEO Luc Seraphin and CFO Mathur will present at the Bernstein 37th Annual Strategic Decisions Virtual Conference on June 3, 2021, at 3:30 p.m. ET, and the Nasdaq 44th Investor Virtual Conference on June 16, 2021, at 11:00 a.m. ET.
Rambus (NASDAQ: RMBS) announced the appointment of Karen Rogge to its Board of Directors on May 4, 2021. Rogge brings extensive finance and operations experience from notable tech firms like Hewlett Packard and Seagate Technology, as well as her role as president of RYN Group LLC. Her previous executive positions include CFO at Extreme Networks and Treasurer at Seagate. The board expressed enthusiasm about her joining, citing her valuable insights to support Rambus' strategic growth and direction in the fast-evolving tech market.
Lever for Change and ICONIQ Impact have announced the success of the Larsen Lam ICONIQ Impact Award, raising $24.25 million to support five finalists improving the lives of refugees globally. The Resourcing Refugee Leadership Initiative received a $10 million grant, while DREAMS for Refugees was awarded $2 million plus an additional anonymous donation of $8 million. This initiative mobilizes resources to empower refugee-led organizations and aims to catalyze $40 million in funding over five years for over one million refugees.
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