Inphi completed the sale of its memory product business to Sunnyvale-based Rambus Aug. 4.
The Santa Clara-based Inphi, 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.
As part of the sale, 75 employees from Inphi will be offered employment at Rambus. An Inphi spokeswoman told the Business Times that some employees from the Thousand Oaks location will be retained by Rambus, but did not elaborate further.
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