Rambus Inc - RMBS STOCK NEWS

Rambus Inc. (NASDAQ: RMBS) will present at the GOMACTech 2022 conference, focusing on a new anti-tamper technique for circuits. On March 24 from 10:30 am to Noon ET, director Scott Best will unveil a poster on mitigating fault-injection attacks. Additionally, Rambus will showcase new security IP products like the Root of Trust RT-1660 and Inline Memory Encryption Engine, designed for critical government applications. The event takes place at the Hyatt Regency in Miami, FL from March 21-24, 2022.

Rambus Inc. (NASDAQ: RMBS) announced that James Mitarotonda will step down from the Board of Directors post the 2022 annual meeting but will serve as a consulting advisor for a year. Rambus' chairman acknowledged his valuable contributions, expressing confidence in the company's growth in data center and cloud computing markets. The current standstill agreement with Mitarotonda and Barington Capital Group will be extended through the 2023 annual meeting. Rambus continues to focus on enhancing data throughput and security across its semiconductor products.

Rambus Inc. has announced that its RT-640 Embedded Hardware Security Module (HSM) has received ASIL-B certification under ISO 26262, a key requirement for automotive manufacturers. This certification ensures that vehicle electronic systems meet essential safety standards, particularly in Advanced Driver Assistance Systems (ADAS). The RT-640 HSM accelerates achieving functional safety, offering proven security IP and multiple design wins globally. Rambus maintains a leading position in security IP, with nearly 200 design wins in the last three years, covering applications from consumer IoT to defense electronics.

Flow, a provider of private market software solutions, has secured a $20 million Series A funding round led by SVB Financial Group. The funding will accelerate product development and enhance services for fund managers and their networks. Flow's platform manages over $5 billion in assets and has seen an ARR growth of more than 250% year-over-year. The private market has outperformed public markets in capital raises, highlighting the demand for Flow's innovative solutions that simplify fund management.

Rambus Inc. (NASDAQ:RMBS) reported strong Q4 2021 results, with revenue of $91.8 million, exceeding guidance.

Annual product revenue reached a record $143.9 million, up 26% year-over-year.

Operating cash flow for the full year was $209.2 million, with $72.2 million generated in Q4. The company reported a net income of $6.1 million for Q4 and $0.05 diluted earnings per share.

Looking forward, Rambus issued Q1 2022 revenue guidance of $43-$49 million for product revenue.

Impinj, Inc. (NASDAQ: PI) has announced leadership changes, appointing Steve Sanghi as Board Chair after Peter van Oppen's term ends. Van Oppen will not seek reelection after eight years of service. Meera Rao has been added to the board, bringing over 25 years of experience in the semiconductor industry. Rao expressed her enthusiasm for joining Impinj during a crucial growth phase. Board Member Theresa Wise will also not seek reelection, reducing the board size to seven members. CEO Chris Diorio praised the contributions of the outgoing members.

Rambus Inc. (NASDAQ: RMBS) has launched its new PCI Express 6.0 Controller, designed to enhance performance in AI/ML, storage, and networking applications by achieving data rates of 64 GT/s. The controller supports the full PCIe 6.0 feature set, optimized for power, area, and latency. It also boasts advanced security through its integrated IDE engine, safeguarding against physical attacks. Key features include backward compatibility with earlier PCIe versions, low-latency error correction, and scalable internal data paths.

Rambus Inc. (Nasdaq: RMBS) will host a conference call on February 7, 2022, at 2:00 p.m. Pacific Time to discuss its fourth quarter and fiscal year 2021 results. The call will be accessible via Rambus' website, with a replay available for one week using the designated phone numbers. Rambus, with over 30 years of experience, is a leader in chip and silicon IP technology, focusing on making data faster and safer across various applications.

Rambus Inc. (NASDAQ: RMBS) announced that its security IP is integral to Kyocera's Evolution Series multifunction products (MFPs), achieving FIPS 140-2 certification. This collaboration allows Kyocera to ensure robust data protection for users while streamlining the CMVP certification process. The Rambus RT-130 Root of Trust and AES-IP-38 AES Accelerator enhance hardware security, making them a vital part of the MFPs' architecture. These advancements highlight Rambus's commitment to providing effective data security solutions.