Rambus, a California-based technology licensing company, has confirmed that it has reached a deal to acquire privately-held Cryptography Research (CRI), a semiconductor security research and development and licensing company.
In a statement, Rambus announced that it will pay $342.5 million to buy CRI. It will, therefore, expand the breadth of its technologies available for licensing with complementary technologies from CRI.
According to Harold Hughes, Rambus president and chief executive officer, the addition of CRI's security technology is a significant move in their ambition to aggressively drive their revenue growth.
"Combined with our complementary semiconductor, and lighting and display technologies, we will create an unrivalled set of innovations and offerings critical for a broad range of electronics, with particular focus on the fast growing mobile market," he commented.
In other industry news, Samsung Austin Research Center has revealed its intention to hire 30 chip designers in 2011.
The Center also confirmed that it will move mid-summer to a location independent of the Samsung Austin Semiconductor site.
Posted by Simon Jones