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General

Inphi sells memory business to Rambus

Monday 4 July 2016 | 08:44 CET | News
Inphi announced a definitive agreement to sell its memory product business to Rambus for USD 90 million in cash, including a 12.5 percent escrow. The sale is expected to close in the first half of Q3, the company said. The transaction will enable Inphi to focus its attention on the growing opportunity in communications markets and its products for high-speed connectivity and inter-data centre applications. Specifically, Inphi will focus on expansion in the metro-optical market, inter data centre connects and its PAM product lines inside the data centre. As a result of the increased focus, the

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Categories: General
Companies: Inphi / Rambus
Countries: World
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