Press release
Rambus Closes Sale of Payments and Ticketing Businesses to Visa
Divestiture reinforces Rambus’ focus on core strength in semiconductor and accelerated growth in silicon IP and chips SUNNYVALE, Calif.--(BUSINESS WIRE)--
About this update from Rambus, Inc.
[{"type":"text","content":"\nDivestiture reinforces Rambus’ focus on core strength in semiconductor and accelerated growth in silicon IP and chips\n\n SUNNYVALE, Calif.--(BUSINESS WIRE)--\nRambus (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).\n\n\n“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.”\n\n\nThe 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.\n\n\nFollow Rambus:\n\n\nCompany website: rambus.com\nRambus blog: rambus.com/blog\nTwitter: @rambusinc\nLinkedIn: www.linkedin.com/company/rambus\nFacebook: www.facebook.com/RambusInc\n\n\nAbout Rambus Inc.\n\n\nRambus is a premier silicon IP and chip provider that makes data faster and safer. With 30 years of innovation, we continue to develop the foundational technology for all modern computing systems. Leveraging our semiconductor expertise, Rambus solutions speed performance, expand capacity and improve security for today’s most demanding applications. From data center and edge to artificial intelligence and automotive, our interface and security IP, and memory interface chips enable SoC and system designers to deliver their vision of the future. For more information, visit rambus.com.\n\n\nSource: Rambus Inc.\n\n\nForward-looking statements\n\n\nInformation set forth in this press release, including statements as to Rambus’ continued efforts to refocus its business and execution and accelerate growth, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.\n\n\nThese statements are based on various assumptions and the current expectations of the management of Rambus and may not be a...