Sunnyvale, Calif. – Rambus, a Sunnyvale, Calif.-based developer and licensor of electronic systems architectures, said on Monday it has acquired Sunnyvale-based memory technology company Unity Semiconductor for $35 million in cash.
Unity has developed a solid state memory technology intended to replace NAND in the growing non-volatile memory market.
Rambus said the deal will expand the breadth of its memory technologies, as well as open new markets for licensing. Unity’s employees have joined Rambus.
“With the addition of Unity, we can develop non-volatile memory solutions that will advance semiconductor scaling beyond the limits of today’s NAND technology,” said Sharon Holt, senior vice president and general manager of the Semiconductor Business Group at Rambus.
This article was also published in Bay Area Tech Wire.
Press release – http://tinyurl.com/7cyfunk
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