Rambus Inc. (RMBS) said Monday that it now expects second quarter revenue to be in the range of $56 million to $58 million, compared to its earlier guidance of $53 million to $58 million.
Analysts polled by Thomson Reuters currently expect the company to post revenue of $57.00 million for the second quarter,
The company also said that, subsequent to the Hynix settlement announced last week, it will be reversing a prior accrual included in operating expenses, related to previously awarded costs of $8 million in litigation expenses.
Separately, STMicroelectronics NV (STM), Europe's biggest chipmaker, said that it has signed a comprehensive agreement with Rambus that expands existing licenses between the two companies, settles all outstanding claims, and commits both organizations to explore additional opportunities for collaboration.
The multifaceted agreement gives Rambus access to STMicroelectronics' Fully-Depleted Silicon On Insulator process-technology design environment. With that, Rambus will be able to benefit from FD-SOI's reduced silicon geometries and lower power consumption at 28nm and below in its future memory and interface solutions.
For its part, STMicroelectronics has secured license terms from the Cryptography Research, Inc. division of Rambus to make it possible for ST to deploy Differential Power Analysis countermeasures and CryptoFirewall core security technology across a wider range of products.
In settling all outstanding claims, the agreement also covers STMicroelectronics' use of Rambus' patented memory interface and serial-link innovations.
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