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Inphi sells memory product business for $90 million

By   /   Friday, July 1st, 2016  /   Comments Off on Inphi sells memory product business for $90 million

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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]

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