Rambus Inc Del Stock Price, News & Analysis

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.

Rambus Inc. (NASDAQ: RMBS) announced the launch of the CXL Memory Interconnect Initiative aimed at enhancing semiconductor solutions for advanced data center architectures. This initiative will bolster performance, efficiency, and cost reduction in data centers by leveraging Compute Express Link™ (CXL) technology. The company will focus on memory expansion and pooling use cases and build on its acquisitions of PLDA and AnalogX. Rambus is committed to collaborating with various stakeholders to expedite development of these innovative solutions.

Rambus Inc. (RMBS) announced its agreement to acquire PLDA, a leader in CXL and PCIe digital solutions, aiming to enhance its data center offerings. This acquisition is timely as the industry shifts towards disaggregated architectures, enhancing performance and reducing ownership costs. The integration of PLDA's digital IP will significantly bolster Rambus's portfolio and accelerate the development of new memory interconnect products. Expected to close in Q3 2021, the deal is projected to be accretive by 2022.

Rambus Inc. (NASDAQ: RMBS) has initiated an accelerated share repurchase program, aiming to repurchase approximately $100 million of its common stock, starting with an initial delivery of about 4.0 million shares. This move reflects Rambus' confidence in its growth prospects and is supported by a robust balance sheet. The program is expected to conclude within six months and is part of a broader 20 million share repurchase program authorized in October 2020. Rambus has reaffirmed its guidance for the fiscal quarter ending June 30, 2021.

Rambus Inc. (RMBS), based in San Jose, California, announced its participation in several investor events in May and June 2021. Key presentations will be made by CFO Rahul Mathur at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 3:00 p.m. ET. Additionally, both CEO Luc Seraphin and CFO Mathur will present at the Bernstein 37th Annual Strategic Decisions Virtual Conference on June 3, 2021, at 3:30 p.m. ET, and the Nasdaq 44th Investor Virtual Conference on June 16, 2021, at 11:00 a.m. ET.

Rambus (NASDAQ: RMBS) announced the appointment of Karen Rogge to its Board of Directors on May 4, 2021. Rogge brings extensive finance and operations experience from notable tech firms like Hewlett Packard and Seagate Technology, as well as her role as president of RYN Group LLC. Her previous executive positions include CFO at Extreme Networks and Treasurer at Seagate. The board expressed enthusiasm about her joining, citing her valuable insights to support Rambus' strategic growth and direction in the fast-evolving tech market.

Lever for Change and ICONIQ Impact have announced the success of the Larsen Lam ICONIQ Impact Award, raising $24.25 million to support five finalists improving the lives of refugees globally. The Resourcing Refugee Leadership Initiative received a $10 million grant, while DREAMS for Refugees was awarded $2 million plus an additional anonymous donation of $8 million. This initiative mobilizes resources to empower refugee-led organizations and aims to catalyze $40 million in funding over five years for over one million refugees.

Rambus Inc. reported Q1 2021 financial results with GAAP revenue reaching $70.4 million, surpassing expectations. Licensing billings were $63.5 million, while product and contract revenues stood at $30.8 million and $10.7 million, respectively. The company generated $39.5 million in cash from operations, improving its cash position to $529.1 million. Despite a net loss of $2.6 million or $0.02 per share, Rambus highlighted strong demand in target markets, indicating confidence in future growth.

Rambus and Lattice Semiconductor announced a partnership on April 26, 2021, aimed at developing next-generation security solutions. This collaboration will integrate Rambus's secure hardware IP into Lattice's FPGAs, enhancing security across various sectors including communications, automotive, and consumer applications. The partnership responds to increasing cyberattacks, with both companies emphasizing the need for robust security technologies to protect devices and data from evolving threats.