XML 34 R24.htm IDEA: XBRL DOCUMENT v3.22.1
Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events
16. Subsequent Event
On May 5, 2022, the Company announced that Rambus Canada Inc. (“Rambus Canada”), a wholly-owned subsidiary of the Company, had entered into an agreement to acquire Hardent, Inc. (“Hardent”), a leading electronic design company. Rambus Canada will acquire Hardent for $20 million (CAD) in cash. This acquisition augments the world-class team of engineers at Rambus and accelerates the development of CXL processing solutions for next-generation data centers. The transaction is subject to customary closing conditions and approvals, and is expected to close in the second quarter of 2022.