Welcome to our dedicated page for Rambus news (Ticker: RMBS), a resource for investors and traders seeking the latest updates and insights on Rambus stock.
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.
On December 23, 2020, a single asymptomatic case of COVID-19 was detected among employees traveling to the Ekati Mine. The individual has been isolated, and a comprehensive Trigger Action Response Plan was activated, resulting in 29 others being quarantined as a precaution. All tested negative, with follow-up testing planned. Dominion Diamond Mines is collaborating with the Chief Public Health Officer of the Northwest Territories to monitor the situation closely.
Rambus Inc. (Nasdaq: RMBS) announced that CEO Luc Seraphin and CFO Rahul Mathur will present at two upcoming virtual investor events. The Wells Fargo TMT Virtual Summit is scheduled for December 1, 2020, at 2:00 p.m. ET, followed by the Credit Suisse 24th Annual Technology Virtual Conference on December 2, 2020, at 2:00 p.m. ET. Both presentations will be available via webcast on the Rambus Investor Relations website, with replays accessible after the events.
Rambus Inc. (NASDAQ: RMBS) has launched an accelerated share repurchase program with Deutsche Bank AG, aimed at repurchasing approximately $50 million worth of its common stock. This initiative will initially deliver around 2.6 million shares to Rambus within a week. The total shares acquired will depend on the average stock price during the program, which is expected to last six months. This action is part of a broader strategy to enhance shareholder value and reflects Rambus' confidence in its growth prospects amid rising demand for its data solutions.
Rambus Inc. (NASDAQ:RMBS) reported third-quarter 2020 GAAP revenue of $56.9 million and licensing billings of $63.1 million, with product revenue at $29.8 million. The company generated $44.1 million in cash from operating activities, marking a solid performance amid a growing demand in the cloud and data center markets.
Rambus experienced a 39% year-over-year increase in memory interface chip revenue. Future outlook remains strong with guidance for $61-$67 million in licensing billings for Q4 2020.
Rambus Inc. (NASDAQ: RMBS) has announced a new stock repurchase program allowing the purchase of up to 20 million shares. This initiative replaces the prior program and cancels the 3.6 million shares outstanding from that authorization. The company, known for strong cash generation, aims to enhance shareholder value through this buyback strategy, emphasizing its commitment to a robust balance sheet. The repurchases can occur via various methods, with no expiration date set for the plan.
Rambus Inc. (NASDAQ: RMBS) has launched a high-performance IPsec Packet Engine designed for 5G networks, capable of securing traffic at data rates from 1 to 10 Gbps. This solution, which integrates DPDK and a key negotiation toolkit, is tailored for various 5G devices including base stations and gateways. The technology is engineered to streamline cryptographic processing, enhancing network performance. The new IPsec Packet Engine is available for licensing and integration into SoC designs.
Rambus Inc. (Nasdaq: RMBS) will hold a conference call on November 2, 2020, at 2:00 p.m. Pacific Time to discuss its third quarter fiscal year 2020 results. The conference call will be available via webcast on the company's investor relations website, with a replay option for one week after the event. Rambus is recognized for its innovative silicon IP and chip solutions that enhance data performance and security across various applications, including data centers, AI, and automotive industries.
Rambus Inc. (NASDAQ: RMBS) announced achieving a record performance of 4 Gbps with its HBM2E memory interface solution, in collaboration with SK hynix and Alchip. This technology provides a bandwidth of 460 GB/s from a single HBM2E device, addressing the demands of AI/ML training and high-performance computing (HPC). The fully-integrated solution is production-ready, using advanced TSMC technologies. This achievement enhances system design efficiency and positions Rambus favorably in the competitive landscape for high-speed memory solutions.
Rambus Inc. (NASDAQ: RMBS) has announced the extension of its patent license agreement with Micron for an additional four years, maintaining the current financial terms and extending the license until December 1, 2024. This agreement reflects a strengthening of their partnership, as noted by Kit Rodgers, senior vice president of technology partnerships and corporate development at Rambus. The ongoing collaboration aims to advance technology in data processing and security, further benefiting both companies.
Rambus Inc. will present at the TSMC 2020 Online Technology Symposium on August 24-25, 2020, focusing on memory systems for AI applications using advanced process technologies. The presentation will be delivered by Frank Ferro, highlighting the surge in data growth and the performance demands in data centers.
Key solutions include advanced SerDes, memory interfaces, and security IP for AI, ADAS, data centers, and 5G. Notable offerings include 112G XSR/USR SerDes PHY and HBM2E memory controllers. Attendees can learn more about these advancements online.
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