Cadence Design Systems Agrees To Acquire The Rambus SerDes And Memory Interface PHY IP Business; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cadence Design Systems (CDNS) has agreed to acquire the SerDes and Memory Interface PHY IP business from Rambus (RMBS). The deal, which is expected to close in Q3 2023, will not materially impact either company's revenue or earnings this year. Rambus will retain its digital IP business, including memory and interface controllers and security IP.
July 20, 2023 | 8:15 pm
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Cadence Design Systems is acquiring the SerDes and Memory Interface PHY IP business from Rambus. The deal is expected to close in Q3 2023 and will not significantly impact 2023 revenues or earnings.
The acquisition will expand Cadence's domain-rich talent base and technology assets, but it is not expected to have a significant impact on the company's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100
NEUTRAL IMPACT
Rambus is selling its SerDes and Memory Interface PHY IP business to Cadence Design Systems. The deal is expected to close in Q3 2023 and will not significantly impact 2023 revenues or earnings.
The sale will result in a change in Rambus's business structure, but it is not expected to have a significant impact on the company's financial performance in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 100