Rambus Completes Acquisition of AnalogX

Rhea-AI Summary

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.

Positive

• Acquisition of AnalogX enhances Rambus' PCIe 5.0 and 32G Multi-protocol PHYs.
• Strengthens roadmap for PAM4-based PCIe 6.0 and CXL™ 3.0 solutions.
• Projected to be accretive to financial results in 2022.

Negative

• Acquisition will not materially impact 2021 financial results.

SAN JOSE, Calif., July 6, 2021 /PRNewswire/ -- Rambus Inc. (NASDAQ: RMBS), a provider of industry-leading chips and silicon IP making data faster and safer, today announced the completion of the acquisition of AnalogX. With this acquisition, Rambus augments its family of PCIe 5.0 and 32G Multi-protocol PHYs with SerDes technology specifically built for ultra-low power and very low latency. In addition, AnalogX interface IP enhances the Rambus roadmap for PAM4-based PCIe 6.0 and CXL™ 3.0 solutions and provides key building blocks for the CXL Memory Initiative.

"We are excited to welcome the AnalogX team to the Rambus family," said Luc Seraphin, president and CEO of Rambus. "Their technology and expertise are an ideal fit for Rambus and accelerate our roadmap for next-generation data center interconnect solutions."

Although this transaction will not materially impact 2021 financial results due to the timing of close and acquisition accounting, Rambus expects this acquisition to be accretive in 2022.

For more information, visit rambus.com/analogx.

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About Rambus Inc.
Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world's data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.

Press Contact:
Cori Pasinetti
Rambus Corporate Communications
t: (650) 309-6226
cpasinetti@rambus.com

Forward-looking statements
Information set forth in this press release, including statements related to the expected opportunity, terms, timing, completion and effects of the acquisition of AnalogX, 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 by law to do so.

Major risks, uncertainties and assumptions include, but are not limited to: market trends and drivers; unexpected costs and limitations associated with the proposed transaction; challenges to management's plans, strategies and objectives, including related to the proposed transaction; changes to the expected timing, terms or completion of the proposed transaction; operational and financial results, including the expectation that the acquisition of AnalogX will be accretive to Rambus in 2022;  disruptions to or from the proposed transaction or other harm to Rambus' business; and other factors, such as those described under "Risk Factors" in Rambus' Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. 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.

 

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SOURCE Rambus Inc.

FAQ

What is the significance of Rambus' acquisition of AnalogX?

The acquisition enhances Rambus' technology portfolio, particularly in PCIe 5.0 and future PCIe 6.0 solutions, and supports its CXL Memory Initiative.

When was the acquisition of AnalogX completed by Rambus?

The acquisition was completed on July 6, 2021.

What financial impact is expected from the AnalogX acquisition for Rambus?

The acquisition is not expected to impact 2021 financial results, but is projected to be accretive in 2022.

How does the AnalogX acquisition affect Rambus' product offerings?

It augments Rambus' offerings by integrating advanced SerDes technology that targets ultra-low power and low latency applications.