Inphi sold its memory product business to Rambus for $90 million in cash June 30.
The Santa Clara-based company, which designs chips aimed at packing more memory onto Internet servers and increasing bandwidth, employs a large engineering force in Thousand Oaks. The sale will allow it to focus on its communications business, Inphi said in a news release.
With the acquisition, Rambus bought its second company with links to the Tri-Counties in four weeks. On June 6, Rambus bought Snowbush IP, a subsidiary of Camarillo-based semiconductor company Semtech, for $32.5 million.
• Contact Philip Joens at [email protected]