A global manufacturer renowned for memory chip design has announced it will branch out into the LED market.
Rambus is looking to get a piece of a $100 billion (£69 billion) lighting market in the US and sees a unique opportunity, with the nearing switchover from incandescent bulbs to diode-based technology, to utilise its expertise to maximum reward, Investors Business Daily reports.
The company believes that it can lower the cost of LEDs light blubs, which cost significantly more than current luminaires and analysts are predicting that it will quickly overtake compact fluorescent products.
According to the publication, Rambus is hoping to supply its diode-based innovation to established industry organisations such as Cree, Philips and General Electric.
It has made its name creating memory technology that has been rep 'to 'recognisable global brands like Samsung, LG and Toshiba, which itself announced it would halt production of incandescent bulbs to focus on LED lighting.