Rambus has signed a definitive agreement to purchase the Memory Interconnect Business from Inphi, a provider of high-speed analog and mixed-signal semiconductor solutions, for $90 million in cash. The acquisition includes all assets, including product inventory, customer contracts, supply chain agreements and intellectual property.

“By combining our buffer chip team with the Memory Interconnect Business of Inphi, we are able to instantly gain a strong market position and be well situated for future growth. This acquisition brings existing product revenue, proven technology and faster time-to-market with a best-in-class memory technologies portfolio,” said Rambus CEO Ron Black in a statement.

The acquired technologies will be part of the Rambus Memory and Interfaces Division.

This acquisition is subject to customary closing conditions, and is expected to close during the third quarter of 2016.

[Image courtesy: Rambus]