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  Rambus Inc.  

Rambus to Acquire Hardent, Accelerating Roadmap for Next-Generation Data Center Solutions


Augments world-class engineering team with deep SoC digital design expertise
for Rambus CXL Memory Interconnect Initiative 

SAN JOSE, Calif. — (BUSINESS WIRE) — May 5, 2022 — Rambus Inc. (NASDAQ: RMBS),
a provider of industry-leading chips and silicon IP making data faster and safer, today
announced it has signed an agreement to acquire Hardent, Inc. (“Hardent”), a leading electronic
design company. This acquisition augments the world-class team of engineers at Rambus and
accelerates the development of CXL processing solutions for next-generation data centers. With
20 years of semiconductor experience, Hardent's world-class silicon design, verification,
compression, and Error Correction Code (ECC) expertise provides key resources for the Rambus
CXL Memory Interconnect Initiative

“Driven by the demands of advanced workloads like AI/ML and the move to disaggregated data
center architectures, industry momentum for CXL-based solutions continues to grow,” said Luc
Seraphin, president and CEO of Rambus. “The addition of the highly-skilled Hardent design team
brings key resources that will accelerate our roadmap and expand our reach to address customer
needs for next-generation data center solutions.” 

“The Rambus culture and track record of technology leadership is an ideal fit for Hardent," said
Simon Robin, president and founder of Hardent. “The team is looking forward to joining Rambus
and is excited to be part of a global company advancing the future of data center solutions.” 

In addition, Hardent brings complementary IP and services to the Rambus Silicon IP portfolio,
expanding the customer base and design wins in automotive and consumer electronic applications.
The transaction is expected to close in the second calendar quarter of 2022 and will not materially
impact results. 

About Rambus Inc. 

Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With
over 30 years of advanced semiconductor experience, we are a pioneer in high-performance
memory subsystems that solve the bottleneck between memory and processing for data-intensive
systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications
depend on data throughput and integrity. Rambus products and innovations deliver the increased
bandwidth, capacity and security required to meet the world's data needs and drive ever-greater
end-user experiences. For more information, visit 

Forward-looking statements 

Information set forth in this press release, including statements as to industry momentum for
CXL-based solutions, the impacts of the Hardent design team on Rambus' roadmap and reach,
and statements as to the expected timing, completion and effects of the proposed acquisition,
constitute forward-looking statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. 

These statements are based on various assumptions and the current expectations of the
management of Rambus and may not be accurate because of risks and uncertainties surrounding
these assumptions and expectations. Factors listed below, as well as other factors, may cause
actual results to differ significantly from these forward-looking statements. There is no guarantee
that any of the events anticipated by these forward-looking statements will occur, or what effect
they will have on the operations or financial condition of Rambus. Forward-looking statements
included herein are made as of the date hereof, and Rambus undertakes no obligation to publicly
update or revise any forward-looking statement unless required to do so by federal securities

Major risks, uncertainties and assumptions include, but are not limited to: the expected benefits
and costs of the proposed transaction; management's plans relating to the proposed transaction;
the expected timing and completion of the proposed transaction; statements of the plans, strategies
and objectives of Rambus for future operations; the successful integration of Hardent; any
statements regarding anticipated operational and financial results, expected market share growth,
and successful product development; any statements of expectation or belief; the risk that
disruptions from the proposed transaction will harm Rambus' business; other factors described
under "Risk Factors" in Rambus' Annual Report on Form 10-K and Quarterly Reports on Form 10-Q;
and any statements of assumptions underlying any of the foregoing. It is not possible to predict or
identify all such factors. Consequently, while the list of factors presented here is considered
representative, no such list should be considered to be a complete statement of all potential risks
and uncertainties.