Rambus Inc Del Stock Price, News & Analysis

Rambus Inc. (Nasdaq: RMBS) has announced that Desmond Lynch, CFO, will present at the Deutsche Bank 2022 Technology Conference on Wednesday, August 31, 2022, at 11:15 a.m. PT. The presentation will be available via webcast on the Rambus Investor Relations website, with a replay accessible post-event. Rambus specializes in advanced chips and silicon IP, enhancing data safety and speed, and has over 30 years of experience in high-performance memory subsystems to address data bottlenecks. For further details, visit rambus.com.

Xperi Holding Corporation (NASDAQ: XPER) announced the appointment of Keith Jones as CFO of Adeia, its intellectual property (IP) business, effective August 8, 2022. Jones joins from Rambus (NASDAQ: RMBS), where he served in various finance roles, including Interim CFO. His leadership experience in IP licensing and public companies is seen as a strategic fit for Adeia as it prepares for its upcoming separation and public listing. Paul Davis, President of Adeia, expressed confidence in Jones's ability to enhance the company's market position.

Rambus Inc. has appointed Desmond Lynch as its new senior vice president and chief financial officer, effective immediately. Lynch brings over 20 years of experience in finance and the semiconductor industry, having previously served as vice president of finance at Rambus since 2020. He will oversee the company's financial direction and report directly to CEO Luc Seraphin. Lynch’s appointment aims to strengthen leadership as the company continues to focus on profitable growth strategies.

Rambus (RMBS) reported Q2 2022 revenue of $121.1 million, exceeding guidance, driven by record product revenue of $53.3 million from memory interface chips. Licensing billings totaled $66.1 million, while net income reached $35.0 million with a diluted EPS of $0.31. The company generated $56.5 million in cash from operations, indicating strong operational efficiency. Additionally, Rambus expanded its DDR5 portfolio. Looking ahead, guidance for Q3 includes licensing billings of $63-$69 million and product revenue of $51-$57 million.

Rambus Inc. (Nasdaq: RMBS) will host a conference call on August 1, 2022, at 2:00 p.m. PT to discuss its second quarter fiscal year 2022 results. Investors can access the call via the Rambus Investor Relations website. A replay of the call will be available for one week after the event. Rambus is known for its industry-leading chips and silicon IP that enhance data speed and safety, leveraging over 30 years of experience in semiconductor technologies.

Rambus Inc. (NASDAQ: RMBS) has expanded its DDR5 memory interface chip portfolio by introducing the SPD Hub and Temperature Sensor. These components enhance system management and thermal control for improved total cost of ownership (TCO). The company's DDR5 solutions deliver state-of-the-art bandwidth, complemented by an industry-leading Registering Clock Driver (RCD), boosting performance across servers, desktops, and laptops.

Rambus Inc. (Nasdaq: RMBS), a leader in data processing technology, announced its participation in two investor events in June 2022. Steven Woo, a distinguished inventor, will present at the Rosenblatt 2nd Annual Technology Virtual Summit on June 9 at 1:00 p.m. PT. Additionally, CEO Luc Seraphin will speak at the Nasdaq 46th Investor Conference in London on June 14 at 8:00 a.m. PT. Webcasts of both presentations will be available on the Rambus Investor Relations website, with replays accessible after the events.

Rambus Inc. (NASDAQ: RMBS) has completed the acquisition of Hardent, Inc., a leading SoC digital design firm, to enhance its CXL Memory Interconnect Initiative. This strategic acquisition aims to bolster Rambus's capabilities in developing advanced CXL-based solutions for cloud data centers. The integration of Hardent's expertise is expected to improve memory performance and capacity for data-intensive workloads. Importantly, the transaction is not projected to materially impact Rambus's financial results for 2022.

Altavair L.P., a leading firm in commercial aviation lease finance, has expanded its operations by opening Altavair Limited in Dublin, Ireland. This new office will enhance support across marketing, accounting, legal, and contract management, complementing existing locations in London, Seattle, and Singapore. CEO Steve Rimmer highlighted the office's significance in serving investors and airline customers, attributing the expansion to Altavair's growing portfolio and backing from KKR. The Dublin team boasts extensive aircraft financing experience, crucial for Altavair's future success.