Rambus to lay off around 15% in restructuring

Rambus said the layoffs are not tied to the status of its ongoing legal cases

Rambus on Wednesday said it would lay off around 15 percent of staff as part of a restructuring effort in which the company is trying to curb expenses to improve profitability.

Rambus currently has about 500 employees, said Linda Ashmore, a company spokeswoman. A majority of the cuts are being made in the general and administrative operations, and Ashmore declined to provide further details on where job cuts were being made.

The company has also reorganized operations into three divisions to focus on memory and interfaces, lighting and display technologies, and the operations of Cryptography Research, a unit that was formed after Rambus acquired a company of the same name in May last year for US$342.5 million.

As a result of the restructuring, Rambus hopes to save between $30 million and $35 million annually, the company said in a statement. The staff reduction will begin in the coming weeks.

Rambus has sued numerous companies that it claims violated its memory patents and chip technologies. The layoffs and restructuring are not tied to the status of legal cases, Ashmore said, adding that the company's goal is to improve profitability.

Rambus has settled cases and signed license agreements with companies like Samsung, Nvidia and Mediatek, but is still in court battles against companies like Micron Technology and Hynix Semiconductor, in which it has had some setbacks. Rambus in July also said it would appeal a decision by the U.S. International Trade Commission that chip makers LSI and STMicroelectronics did not infringe on patents claimed by Rambus.

Memory companies contend that Rambus deceived members of standards-setting organization Joint Electron Device Engineering Council (JEDEC) by failing to disclose its patents while working with the organization to create memory standards.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Brand Post

Bitdefender 2019

Taking cybersecurity to the highest level and order now for a special discount on the world’s most awarded and trusted cybersecurity. Be aware without a care!

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?