Semtech Sale Of IP To Rambus Completes

Camarillo-based Semtech has completed a deal to sell of a bundle of IP assets to Rambus, in a sale that was worth $32M, Rambus said Monday afternoon. The deal, announced in June, included's Semtech's Snowbush IP business, which primarily included SerDes (serial/deserialization) cores used in ASICs, Systems-on-a-chip (SoC), and other platforms. Rambus said that the assets become part of its Memory and Interfaces Division.