Welcome to our dedicated page for Rambus Del news (Ticker: RMBS), a resource for investors and traders seeking the latest updates and insights on Rambus Del stock.
Rambus Inc. reports developments as a semiconductor chips and silicon IP provider focused on high-performance memory and interconnect technology for data-intensive computing. Company news commonly covers PCIe IP, HBM memory controller IP, DDR5 and LPDDR5 memory interface chipsets, and related products for AI, cloud, data center, and high-performance computing systems.
Recurring updates also include quarterly financial results, product revenue and licensing activity, cash flow commentary, conference presentations, and leadership or board changes. Product announcements often center on bandwidth scaling, low latency, signal and power integrity, and secure data movement across memory subsystems and advanced computing infrastructure.
Rambus Inc. (NASDAQ: RMBS) announced that James Mitarotonda will step down from the Board of Directors post the 2022 annual meeting but will serve as a consulting advisor for a year. Rambus' chairman acknowledged his valuable contributions, expressing confidence in the company's growth in data center and cloud computing markets. The current standstill agreement with Mitarotonda and Barington Capital Group will be extended through the 2023 annual meeting. Rambus continues to focus on enhancing data throughput and security across its semiconductor products.
Rambus Inc. has announced that its RT-640 Embedded Hardware Security Module (HSM) has received ASIL-B certification under ISO 26262, a key requirement for automotive manufacturers. This certification ensures that vehicle electronic systems meet essential safety standards, particularly in Advanced Driver Assistance Systems (ADAS). The RT-640 HSM accelerates achieving functional safety, offering proven security IP and multiple design wins globally. Rambus maintains a leading position in security IP, with nearly 200 design wins in the last three years, covering applications from consumer IoT to defense electronics.
Flow, a provider of private market software solutions, has secured a $20 million Series A funding round led by SVB Financial Group. The funding will accelerate product development and enhance services for fund managers and their networks. Flow's platform manages over $5 billion in assets and has seen an ARR growth of more than 250% year-over-year. The private market has outperformed public markets in capital raises, highlighting the demand for Flow's innovative solutions that simplify fund management.
Rambus Inc. (NASDAQ:RMBS) reported strong Q4 2021 results, with revenue of $91.8 million, exceeding guidance.
Annual product revenue reached a record $143.9 million, up 26% year-over-year.
Operating cash flow for the full year was $209.2 million, with $72.2 million generated in Q4. The company reported a net income of $6.1 million for Q4 and $0.05 diluted earnings per share.
Looking forward, Rambus issued Q1 2022 revenue guidance of $43-$49 million for product revenue.
Impinj, Inc. (NASDAQ: PI) has announced leadership changes, appointing Steve Sanghi as Board Chair after Peter van Oppen's term ends. Van Oppen will not seek reelection after eight years of service. Meera Rao has been added to the board, bringing over 25 years of experience in the semiconductor industry. Rao expressed her enthusiasm for joining Impinj during a crucial growth phase. Board Member Theresa Wise will also not seek reelection, reducing the board size to seven members. CEO Chris Diorio praised the contributions of the outgoing members.
Rambus Inc. (NASDAQ: RMBS) has launched its new PCI Express 6.0 Controller, designed to enhance performance in AI/ML, storage, and networking applications by achieving data rates of 64 GT/s. The controller supports the full PCIe 6.0 feature set, optimized for power, area, and latency. It also boasts advanced security through its integrated IDE engine, safeguarding against physical attacks. Key features include backward compatibility with earlier PCIe versions, low-latency error correction, and scalable internal data paths.
Rambus Inc. (NASDAQ: RMBS) announced that its security IP is integral to Kyocera's Evolution Series multifunction products (MFPs), achieving FIPS 140-2 certification. This collaboration allows Kyocera to ensure robust data protection for users while streamlining the CMVP certification process. The Rambus RT-130 Root of Trust and AES-IP-38 AES Accelerator enhance hardware security, making them a vital part of the MFPs' architecture. These advancements highlight Rambus's commitment to providing effective data security solutions.
Rambus Inc. (NASDAQ: RMBS) announced that NextChip has selected its RT-640 Root of Trust and MACsec-IP-160 Protocol Engine for securing the next-gen Apache6 automotive processor. This chip, designed for advanced driver-assistance systems (ADAS), features a powerful combination of processors including CPU, GPU, ISP, and NPU. The RT-640 enhances security with ASIL-B compliance while MACsec-IP-160 encrypts data over in-vehicle networks at speeds of up to 100 Gbps. The partnership aims to raise data security standards in automotive technology.
Rambus Inc. (NASDAQ:RMBS) reported a strong third-quarter performance for 2021, achieving GAAP revenue of $81.3 million, up from $56.9 million in the previous year. Key highlights include licensing billings of $66.1 million and product revenue of $36.7 million, with a diluted net income per share of $0.03 compared to a loss of $0.11 in 2020. The company generated $46.0 million in cash from operating activities despite a decrease in cash and equivalents due to acquisitions. The fourth-quarter outlook indicates stable revenue expectations, reflecting ongoing growth initiatives.
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.