Rambus (RMBS) Announces Completion of $32M Snowbush IP Assets Acquisition

August 8, 2016 4:39 PM EDT

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Rambus Inc. (Nasdaq: RMBS) announced it has successfully completed the acquisition of the assets of Semtech’s Snowbush IP. The closing purchase price totaled $32 million, including additional payments based upon specific new product sales through the end of 2022.

As announced in June, Rambus plans to integrate the Snowbush IP assets into its Memory and Interfaces Division to bolster its SerDes and IP offerings, addressing critical needs of the server, networking and data center market.

To learn more about Rambus and the Memory and Interfaces division, visit rambus.com/memory-and-interfaces.

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