Rambus acquires Hardent for $20M CAD to boost CXL data center solutions

RAMBUS INC

Acquisition of Hardent, a leading electronic design company, for $20 million (CAD) in cash, subject to adjustments.
Expected to close in Q2 2022, pending customary conditions; will not materially impact results.
Adds SoC digital design, verification, compression, and ECC expertise to accelerate Rambus CXL Memory Interconnect Initiative.
Hardent brings complementary IP and services for automotive and consumer applications, expanding Rambus Silicon IP portfolio.

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