Rambus Completes Acquisition of Hardent

▤ Summary

SAN JOSE, Calif.--(BUSINESS WIRE)--Rambus Inc.(NASDAQ: RMBS), a provider of industry-leading chips and silicon IP making data faster and safer, today announced the completion of the acquisition of Hardent, Inc. (“Hardent"), a leading SoC digital design company. “ Hardent’s advanced SoC design experience amplifies our CXL development efforts, and we are very pleased to welcome our new colleagues to the Rambus team.” This transaction will not materially impact 2022 financial results. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. There is no guarantee that any of the events anticipated by these forward-looking statements will occur, or what effect they will have on the operations or financial condition of Rambus. Major risks, uncertainties and assumptions include, but are not limited to: the expected benefits and costs of the transaction; management’s plans relating to the transaction; the potential benefits, costs and results of CXL memory expansion and pooling; plans, strategies and objectives of Rambus for future operations; the successful integration of Hardent; Rambus’ anticipated operational and financial results, expected market share growth, and successful product development; the risk that disruptions from the transaction will harm Rambus’ business; and other factors described under "Risk Factors" in Rambus’ Annual Report on Form 10-K and Quarterly Reports on Form 10-Q; and any statements of assumptions underlying any of the foregoing.

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