Press release
Rambus Completes Acquisition of PLDA
Extends CXL™ and PCI Express® Digital IP Leadership SAN JOSE, Calif., Aug. 18, 2021 /PRNewswire/ -- Rambus Inc. (NASDAQ: RMBS), a provider of industry-leading
About this update from Rambus, Inc.
[{"type":"text","content":"Extends CXL™ and PCI Express® Digital IP Leadership\n\n\nSAN JOSE, Calif., Aug. 18, 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 PLDA. With this acquisition, Rambus expands its digital controller offerings with complementary CXL 2.0, PCIe 5.0 and PCIe 6.0 controller and switch IP, and gains critical building blocks for its CXL Memory Interconnect Initiative. \n\n \n \n \n \n \n \n\n \n\"CXL and PCIe are critical enablers for next-generation data centers that will deliver the high-speed interconnects needed to tackle demanding workloads in AI/ML and HPC applications,\" said Luc Seraphin, president and CEO of Rambus. \"The addition of PLDA's world-class digital IP and engineering expertise accelerates our roadmap and expands our market opportunity, and we are excited to welcome them to the team.\"\nAlthough 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. \nFor more information, visit rambus.com/plda.\nFollow Rambus:Company website: rambus.comRambus blog: rambus.com/blogTwitter: @rambusincLinkedIn: www.linkedin.com/company/rambusFacebook: www.facebook.com/RambusInc \nAbout 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.\nPress Contact:Cori PasinettiRambus Corporate Communicationst: (650) [email protected]\nForward-looking statementsInformation set forth in this press release, including statements as to Rambus' outlook and statements as to the expected timing, completion and effects of the acquisition, constitute forward-looking statements within the meaning of the safe harbo...