Inphi Sells Memory Business to Rambus for $90M

Santa Clara, Calif. – Inphi Corporation (NYSE: IPHI), a leading provider of high-speed, mixed-signal semiconductor solutions for the communications, data center and computing markets, today announced a definitive agreement to sell its memory product business to Rambus Inc. (NASDAQ: RMBS) for $90 million in cash inclusive of a 12.5 percent escrow. The sale is currently expected to…