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Rambus, GigaDevice, THG Ventures Form Reliance Memory to Develop RRAM
Enterprise to focus on memory for embedded and IoT devices
SUNNYVALE, California and Beijing, China – May 04, 2018 – Rambus Inc. (NASDAQ: RMBS) today announced a joint venture in China, Reliance Memory, has been formed to commercialize Resistive Random Access Memory (RRAM) technology, with partner GigaDevice, a leading provider in China of non-volatile memory solutions and 32-bit microcontrollers, along with strategic investment partners THG Ventures, West Summit Capital, Walden International and Zhisland Capital. The new venture will bring next-generation memory technology to market for use in embedded devices.
“Rambus has invested in RRAM technology for several years, and this joint venture is a natural way of continuing to develop this technology for the embedded market,” said Dr. Ron Black, CEO of Rambus. “By working together, Rambus and GigaDevice will enable this joint venture to provide innovative memory solutions for the next wave of state-of-the-art mobile devices.”
RRAM is a form of non-volatile storage that works by changing the resistance of unique solid dielectric material. RRAM devices, also known as memristors, change resistance when different voltages are applied. RRAM offers lower power than traditional embedded non-volatile storage, which makes it ideal for Internet of Things (IoT) applications, where low power is critical.
“We pride ourselves on providing the widest range of non-volatile memory solutions available for our customers,” said Yiming Zhu, CEO, GigaDevice. “This strategic investment is aimed at delivering emerging memory solutions for our family of GD32 microcontrollers and other future embedded products in applications such as the Internet of Things.”
“We are pleased to be the lead investor in forming this joint venture to explore the new era of memory technologies with Rambus and GigaDevice,” said Jun Xue, founding partner of THG Ventures. “Our strong track record in technology investments provides us with great confidence that new opportunities continue to develop with exciting technologies for the global market.”
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