Rambus Inc Del Stock Price, News & Analysis

Rambus Inc. (NASDAQ: RMBS) announced the resignation of Rahul Mathur, CFO, effective November 15, 2021, to pursue opportunities outside the semiconductor field. Keith Jones, the current VP and corporate controller, will serve as interim CFO. CEO Luc Seraphin commended Mathur for his contributions during the company's transformation and expressed confidence in Jones' leadership for a smooth transition. Rambus also reaffirmed its guidance for Q3 fiscal year 2021 and plans to discuss results in a conference call on November 1, 2021.

Rambus Inc. (Nasdaq: RMBS), a leader in chip and silicon IP solutions, will host a conference call on November 1, 2021, at 2:00 p.m. Pacific Time to discuss its third-quarter fiscal results. The call will be accessible via webcast on the company's investor relations website. A replay will be available for one week, allowing shareholders and stakeholders to review the financial performance and outlook.

Rambus specializes in high-performance memory subsystems, enhancing data throughput and security for various applications.

Rambus Inc. (NASDAQ: RMBS) announced the sampling of its 5600 MT/s 2nd-generation RCD chip, achieving a 17% data rate increase from its 4800 MT/s predecessor. This advancement, aimed at DDR5 memory modules, enhances performance while reducing latency and power consumption. The innovation is designed to meet the growing demand for memory bandwidth in data centers, providing doubled data rates and quadrupled capacity compared to DDR4. Rambus continues to demonstrate leadership in DDR5 interface technologies.

Rambus Inc. (NASDAQ: RMBS) has launched its CXL 2.0 and PCIe 5.0 controllers, featuring integrated Integrity and Data Encryption (IDE) modules. This development addresses the bandwidth bottleneck in data centers by providing security at ultra-low latency, essential for high-performance applications including AI and Machine Learning. The new controllers offer zero-latency security, employing 256-bit AES-GCM encryption for traffic integrity. With built-in IDE, the modules enhance protection against physical attacks, improving speed and security in implementation.

Lucina Analytics has partnered with Summit Reinsurance Services to enhance maternity care through advanced analytics. This collaboration aims to identify high-risk pregnancies early among Summit Re's managed care clients, addressing urgent issues like maternal mortality and preterm births, which are notably high in the U.S. As part of this initiative, Lucina will assist health plans in risk stratifying mothers, aiming for better health outcomes. The partnership underscores a commitment to delivering optimized care to mothers and infants nationwide.

Rambus Inc. (NASDAQ: RMBS) has announced the successful demonstration of its PCI Express® (PCIe) 5.0 digital controller IP operating at 32 GT/s on leading FPGA platforms, marking an industry first. This innovation enhances the performance and expands the application of FPGAs in critical sectors such as defense and networking. Supported features include compatibility with PCIe 4.0, dual-mode configurations, and advanced functionalities. With this achievement, Rambus aims to establish itself as a leader in high-performance data solutions, leveraging advancements from the recently acquired PLDA team.

Rambus Inc. (RMBS) has successfully completed the acquisition of PLDA, enhancing its digital controller offerings with advancements in CXL 2.0, PCIe 5.0, and PCIe 6.0 technologies. This acquisition is pivotal for Rambus' CXL Memory Interconnect Initiative and is expected to accelerate its product roadmap while expanding market opportunities. CEO Luc Seraphin highlighted that this enables high-speed connections crucial for demanding AI and HPC workloads. Although the acquisition won't materially affect 2021 financials, it is projected to be accretive in 2022.

Rambus Inc. (NASDAQ: RMBS) announced the launch of its new HBM3-ready memory interface subsystem, which features a fully-integrated PHY and digital controller. This solution supports data rates up to 8.4 Gbps and delivers over 1 Terabyte per second of bandwidth, more than double that of previous HBM2E subsystems. The technology is positioned to meet the high bandwidth demands of AI and ML applications, leveraging over 30 years of design expertise. Customers will benefit from accelerated time to market and reduced design complexity.

Rambus Inc. (NASDAQ:RMBS) reported robust Q2 2021 financials with GAAP revenue of $84.9 million, surpassing expectations. Key figures include licensing billings of $65.2 million, product revenue of $31.2 million, and net income of $11.2 million, translating to $0.10 EPS. Operating cash flow was $51.6 million. The firm remains focused on semiconductor growth and anticipates strong demand in next-generation data centers. Third-quarter revenue guidance suggests licensing billings between $59-$65 million.