Rambus Inc Del Stock Price, News & Analysis

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.

Rambus Inc. (NASDAQ: RMBS) has introduced its HBM2E memory interface subsystem, engineered for high-performance applications, including AI and HPC. This subsystem is validated on Samsung's advanced 14/11nm process, achieving speeds of 3.2 Gbps and delivering a remarkable 410 GB/s bandwidth. Joint efforts with Samsung enhance memory interface design and allow faster time to market for designers. The fully-integrated solution includes reference designs and expert support, aimed at reducing complexity and ensuring success in system implementations.

Rambus Inc. (NASDAQ: RMBS) has signed a commercial licensing agreement with the U.S. Defense Advanced Research Projects Agency (DARPA) to enhance technology innovation. This agreement allows DARPA researchers access to Rambus's renowned security and high-speed chip interface IP products. The partnership is part of DARPA's Toolbox initiative, aimed at providing streamlined access to commercial technology for researchers. This collaboration offers opportunities for Rambus to leverage DARPA's research to explore new revenue streams while supporting various applications, including AI and 5G networking.

Rambus Inc. (Nasdaq: RMBS) announced a conference call scheduled for May 3, 2021, at 2:00 p.m. PT to discuss its first quarter fiscal year 2021 results. The call will be available via webcast on the Rambus website, with a replay option accessible for one week. Rambus specializes in advanced semiconductor technology, creating chips and silicon IP that enhance data speed and security.

Rambus Inc. (NASDAQ: RMBS) announced the appointment of James Mitarotonda to its Board of Directors as a Class I director, with a term ending at the 2022 annual meeting. Mitarotonda, currently the CEO of Barington Capital Group, has notable financial expertise and board experience. His addition is expected to enhance Rambus’ strategy, particularly in capitalizing on growth in data centers and cloud computing. The company also disclosed a voting agreement with Barington, ensuring support for director nominees at the upcoming meeting.

Mixel, Rambus (NASDAQ: RMBS), and Hardent have announced a cutting-edge MIPI DSI-2 display subsystem solution aimed at enhancing mobile, AR/VR, and automotive displays. This collaboration offers integrated IP solutions that boost bandwidth and efficiency, featuring support for up to 60 Gbps without compression and leveraging VESA Display Stream Compression for enhanced performance. The solution is available immediately and is designed to minimize project risk while accelerating time to market. Key benefits include optimized ASIC design performance and maximum functionality across MIPI DSI-2 modes.