Rambus DRAM Supply Boosted By NEC; NEC Corporation Reaches Milestone in RDRAM and RIMM Module Shipments to PC OEMs
Story Filed: Tuesday, March 14, 2000 8:22 AM EST
MOUNTAIN VIEW, Calif., Mar 14, 2000 (BUSINESS WIRE) -- Rambus Inc. (NASDAQ:RMBS) today announced NEC Corporation has reached milestones in shipments to PC OEMs in its RDRAM(R) and RIMM(TM) module program. These shipment milestones qualify the company for stock warrants from Rambus Inc. NEC is able to purchase 30,000 Rambus shares below market price.
"NEC will aggressively ramp up its Rambus production to be a leader in the industry. We are very pleased to have met the milestones for this award," said Kenji Tokuyama, vice president and executive general manager, LSI Memory Operations Unit of NEC Corporation. "Demand from OEMs for Rambus-based devices has been extremely strong and we expect it to continue. As a validated supplier, NEC will help to provide the industry with the much-needed additional source of validated Rambus components."
"NEC has achieved the goal of shipping validated Rambus DRAM devices and RIMM modules in production quantities to leading OEMs," said Avo Kanadjian, vice president, worldwide marketing at Rambus Inc. "NEC is helping to alleviate the current shortage of Rambus devices and modules and is enabling OEMs to meet the high demand for Rambus-based desktop PCs and workstations."
NEC is the third and final recipient of Phase 1 of the Rambus DRAM incentive program initiated last year. |
