Next show in
 d  h  m

9th August 2016

Inphi Corporation, a developer of high-speed, mixed-signal semiconductor solutions for the communications, data center and computing markets, has announced an agreement to sell its memory product business to Rambus Inc. for $90 million in cash inclusive of a 12.5% escrow. The sale is expected to close in the first half of Q3 2016, the company said.

Inphi commented that the transaction will enable it to “focus its attention on the growing opportunity in the communications markets”. As the company continues to build on its leadership position in high-speed connectivity for long-haul, metro, intra- and inter-data center applications, Inphi is confident that by streamlining its business product development and go-to-market efforts, growth will accelerate.

Read more