SUNNYVALE, Calif. & BEIJING--(BUSINESS WIRE)--Rambus Inc. (NASDAQ: RMBS) today announced a joint venture in China, Reliance Memory, has been formed to commercialize Resistive Random Access Memory (RRAM) technology, with partner GigaDevice, a leading provider in China of non-volatile memory solutions and 32-bit microcontrollers, along with strategic investment partners THG Ventures, West Summit Capital, Walden International and Zhisland Capital. The new venture will bring next-generation memory technology to market for use in embedded devices.
“Rambus has invested in RRAM technology for several years, and this joint venture is a natural way of continuing to develop this technology for the embedded market,” said Dr. Ron Black, CEO of Rambus. “By working together, Rambus and GigaDevice will enable this joint venture to provide innovative memory solutions for the next wave of state-of-the-art mobile devices.”
RRAM is a form of non-volatile storage that works by changing the resistance of unique solid dielectric material. RRAM devices, also known as memristors, change resistance when different voltages are applied. RRAM offers lower power than traditional embedded non-volatile storage, which makes it ideal for Internet of Things (IoT) applications, where low power is critical.
“We pride ourselves on providing the widest range of non-volatile memory solutions available for our customers,” said Yiming Zhu, CEO, GigaDevice. “This strategic investment is aimed at delivering emerging memory solutions for our family of GD32 microcontrollers and other future embedded products in applications such as the Internet of Things.”
“We are pleased to be the lead investor in forming this joint venture to explore the new era of memory technologies with Rambus and GigaDevice,” said Jun Xue, founding partner of THG Ventures. “Our strong track record in technology investments provides us with great confidence that new opportunities continue to develop with exciting technologies for the global market.”
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About Rambus Inc.
Dedicated to making data faster and safer, Rambus creates innovative hardware, software and services that drive technology advancements from the data center to the mobile edge. Our architecture licenses, IP cores, chips, software, and services span memory and interfaces, security, and emerging technologies to positively impact the modern world. We collaborate with the industry, partnering with leading chip and system designers, foundries, and service providers. Integrated into tens of billions of devices and systems, our products and technologies power and secure diverse applications, including Big Data, Internet of Things (IoT) security, mobile payments, and smart ticketing. For more information, visit rambus.com.
Source: Rambus Inc.