Rambus Closes Sale of Payments and Ticketing Businesses to Visa
Divestiture reinforces Rambus’ focus on core strength in semiconductor and accelerated growth in silicon IP and chips
SUNNYVALE, Calif. – Oct. 22, 2019 – Rambus (NASDAQ: RMBS), a premier silicon IP and chip provider dedicated to delivering data faster and safer, today announced the completion of the previously-announced sale of its Payments and Ticketing businesses to Visa (NYSE: V).
“With 30 years of experience pushing the envelope in semiconductor design, we look toward a future of continued innovation to carry on our mission of making data faster and safer,” said Rambus president and CEO Luc Seraphin. “We’re excited to have found an acquirer that will provide the Payments and Ticketing businesses a platform for continued success. Completing this transaction is a critical step forward in refocusing and accelerating the growth of our core semiconductor businesses.”
The sale marks another key milestone in the ongoing execution of Rambus’ strategy, delivering on its core strengths in high-speed interface IP and chips, and embedded security.
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