Rambus corporate-overview

2 ©2015 Rambus Inc.

History of Technology Leadership

Rambus is the innovative technology solutions company that brings invention to market.

Unleashing the intellectual power of our world-class engineers and scientists in a collaborative and synergistic way, Rambus invents, licenses and develops solutions that challenge and enable our customers to create the future.

While best known for creating unsurpassed semiconductor memory architectures, Rambus is also developing world-changing products and services in security, LED lighting, and smart sensors.

1990 1995 2006 2014

Rambusfounded

Nintendo64ships withRDRAM®

1997

Rambus beginsNASDAQ

trading (RMBS)

1999

PCs shipwith RDRAM®

2000

SonyPLAYSTATION®2

ships

2005

500M RDRAM®

devices ship

SonyPLAYSTATION®3

ships

2011

Acquired CryptographyResearch Inc. Introduced

R+ solutions, Binary Pixel,

Major IP licensingagreements

2013

Unveiled SmartSensor Technology,

LabStation™,IP Cores


Rambus Senior Leadership Team

Kevin DonnellyGM, Memory

and Interfaces

LauraStark

SVP, Emerging Solutions

Mike SchroederSVP, Human Resources

Jerome NadelChief

Marketing Officer

Paul Kocher

Chief Scientist

JaeKim

General Counsel

Ron BlackCEO

Martin Scott

SVP, GM Cryptography

Research

Satish RishiChief

Financial Officer

Craig Hampel

Chief Scientist

Luc SeraphinSVP World Wide Sales

and Operations

KitRogers

SVP, Licensing & Technology

Partnerships


Developing Inventions

• Derive value from our “micro ingredients” via licensing

• Increase and enhance engineering consulting to customers

• Move “up the stack” from micro ingredients

• Build and deploy platforms, hosted services, and products

• Bring inventions to market through portfolio synergies


From Patents to ProductsBringing inventions to market from licensing, collaborative development, and software platforms, to products and hosted services…

Products & Services

IP Core Solutions

Patent Licensing

Invention to Market


Continue core strength in developing advanced technologies

Evolved Strategy

Company of Inventors Bringing Invention to Market

Patent Enforcement Solutions and IP Licensing

Litigious relationships Collaborative engagements

Memory industry focus Diversified, broader portfolio


New Engagement Model Drives Growth

Access to technical experts

Advanced system design and analysis

HW and SW to enhance design and validation

Access to patents

System IP, specs and validation suites

Process-specific hard and soft macros

IP Cores

Architecture

License

optional

optional

Tools

optional

Services

Training

PatentLicens

e


Collaboration

Bringing invention to market


Robust system solutions including memory and serial link interfaces that increase SoC and system quality.

Memory Solutions

Security solutions with foundations in DPA countermeasures; securing transactions, protecting content, and mitigating counterfeiting.

Security Solutions

Next generation smart imaging sensors including binary pixel CMOS enhancers and an ultra-miniature lensless sensor.

LED Innovations

TrueEdgeTM coupling and MicroLens® optics delivering high efficiency and precise light distribution for multiple lighting applications.

Smart Sensors

Memory and Interfaces

Memory and serial link interfaces to help customers differentiate with high performance, low-power solutions and design services


Driving Factors for Systems Today

Mobile• Increased battery life• Reduced weight• HD image and video

capture• Improved graphics• Higher resolution

displays• Faster time-to-market

Cloud• Faster response times• Reduced power

consumption• Increased storage• Reduced system cost• Lower total cost of

ownership

Memory and Links are key enablers for Mobile and Cloud systems


DRAMSoC

Memory and Interface Solutions

SoC

Our Value: Memory Architectures & Chip Interfaces

Differentiation:• Absolutely best power and signal integrity solutions

from chip, through package, and PCB• System-aware PHY interface design• Enhanced industry standards

Product Focus:• Memory architectures for system performance• High-speed DDR PHYs for mobile and server• >10Gbps multi-protocol serial links for data center

Why we win:• Advanced architectures providing higher performance

and lower power• Chip companies are not focused on SIP while

SIP competitors focus only on standard solutions• Broad, foundational patent portfolio


R+™ Enhanced Standard Solutions

Fully Standards Compatible• Faster time-to-market• Multi-modal functionality

R+ DDRn Memory • R+ LPDDR3• R+ DDR4 Multi-

Modal• R+ Next-Gen DDR

R+ EnhancedStandard Solutions

R+ Serial Links• R+ Multi-Protocol PHYs:

PCIe1/2/3, CEI6/11, XAUI, 10G, SATA1/2/3, etc.

Cost-Effective• Flexible packaging options• Improved margin and yield• Enhanced testability

Reduced Power• Improved power efficiency• Lower signaling and stand-

by power

Improved Performance• Increased data rates• Higher bandwidth• Higher capacity


R+ LPDDR3 DRAM Solution

Reduced Power

SoC

R+LPDDR3

Interface

Same SoC is compatible with standard and R+ DRAMs at 2133 Mbps

Reduced Risk and Development Cost

SoC

LPDDR3

Interface

Next-generation power efficiency with compatibility to industry standards

Rela

tive P

ow

er

LPD

DR

3

R+

LP

DD

R3

DRAM Memory System1.0

0.7

LPD

DR

3

R+

LPD

DR

3

1.0

0.75

Up to 25% lower memory system power with R+ SoC and DRAM

Same SoC,

different DRAMS


Example Applications of Rambus Solutions

R+ LPDDR3 DRAM2.13Gbps, 30% lower power than LPDDR3; SoC PHYs compatible with LPDDR4, LPDDR3

Next-Gen Main Memory ‘Beyond DDR4’

6.4Gbps, up to 55% better power efficiency than DDR3, zero DRAM idle power

Multi-Protocol Serial Links

High performance, low power serial links for networking and

IOs

Mobile Cloud


Tools that Simplify IntegrationPOWERFUL & USABLE

Optimized for ease-of-use to speed time to market, LabStation™ Validation Platform is a comprehensive tool suite to bring-up, validate and characterize complex low-power, high-performance memory and serial link IP.

RAPID ITERATIONCOMPREHENSIVE

SCRIPTINGCOMPLETE

CHARACTERIZATION


Current and Example Prospective Customers

DRAM Customers SoC CustomersProspective Customers


Summary: Memory and Interfaces

• Offerings address large and growing mobile devices and cloud infrastructure market opportunities ◦ Represent significant growth opportunities going forward

• R+ solutions have significantly lowered the barriers to adoption for our innovative architecture solutions ◦ Standards compliant, but better!

• Broad licensing of our inventions provides substantial ROI and fuels future growth◦ Reasonable market rates help increase penetration and expand our

customer base

Cryptography Research

Leading semiconductor security R&D and licensing division withmore than 7 billion security devicesunder license annually


Driving Factor: Keeping Secrets in Devices

Security depends on secret keys … which must be protected• Increasing security breaches at all levels – the data center, the network, and

devices• We focus on devices and bring unique, patented solutions to customers that need

to secure and manage keys

K

f()inputs outputs

Device computes with key K, but malicious attempts must never extract K


Differentiation:• Technical excellence in cryptography and

hardware/device security• Inventors of differential power analysis (DPA)

countermeasures to protect devices against side-channel attacks

Product Focus:

• DPA countermeasures, tools, solutions• Cryptographic cores

Why we win:• Extensive chip and security expertise• Independent of chip companies• Help customers to meet security

needs/requirements, reduce costs• Expert services• Broad, foundational patent portfolio

Our Value: Securing Keys and Devices


DPA Concept

The activity of the transistors in a chip is correlated to the chip’s power consumption and EM emissions

Statistical analysis of power/EM measurements during crypto computations can find a chip’s secret keys

Power signal amplitude at time T-87488

Power signal amplitude at time T-87488


DPA Countermeasure SolutionsLicense countermeasures to DPA and other side-channel attacks• Fundamental intellectual property portfolio• DPA “Lock” logo and testing program• DPA Workstation™ test platform• Design and testing services• DPA hardened cryptographic cores and

software libraries to ease adoption

• Smart cards• Smart phones/tablets• Government/defense• FPGAs• Content protection• Game consoles• Point-of-sale terminals• (and more)

Applications


Licensees Partners Standards

DPA Countermeasure Licensees

(And Others)(And Others) (And Others)

SCSA

FIPS


CryptoFirewall™ and Other Secure Cores

CryptoFirewall cores: Content protection

Integrated in leading set top box SoCs to

protect content independently of the

software/CPU

Cryptographic cores: DPA countermeasures

New DPA-hardened hardware and software

implementations of major cryptographic

standards

CryptoFirewall cores: Anti-counterfeiting

Cost-effective anti-cloning/ anti-

counterfeiting solution; manufacturable across

foundries & customizable

Untrusted communications

CFCDevice

SoC

Peripheral


Introducing CryptoManager™ Secure Feature Management Platform• CryptoManager Security Engine

o Hardware root of trust+ Manages the security of keys and

feature controls within the SoC

• CryptoManager Applianceo Tamper-resistant security appliance co-

located at customer factory+ Distributes keys and feature controls

• CryptoManager Service o A control center for device services with

flexible deployment optionso Includes an advanced Management Console

+ Centrally controls the whole system from the cloud

CM Admin

Local Appliance

Managed Services

HW Root

of Trust

Factories


CryptoManager Control Center

Supports secure provisioning during manufacturing:

• Set up factory infrastructure

• Provision keys to appliances

• Monitor system status and activity

• Resolve alerts proactively

SETUPPROVISION

MONITOR

RESOLVE

CM Admin


Device Service: Use Case Examples

Part NumberPN1000

PN1000(A)Customer

A

PN1000(B)Customer

B

PN1000(C)Customer

C

Personalization Secure Key Distribution

Key InjectionStage

Debug Access Control

Open Debug Access

Close DebugAccess

IP

Reduce operating costs: Single SKU

Protect keys (e.g. liability of millions of dollars per leaked key)

Prevent abuse of debug;Flexible feature controls


Role in Mobile/Device Security Ecosystem

Software

Code audits, sandboxing, online

updates…

Discrete chips Secure SoC SIP

Separate silicon chips(smartcards, TPMs,

SIMs…)

On-die security logic(CryptoManager)

• Scaling adds more SW and more bugs

• Eternal updates and breaches

• High cost per unit• Physical separation from main

logic limits usefulness

• Full hardware security• No separate chip cost• Fully-integrated


Looking ForwardThe world’s needs for effective data security solutions are growing

Our expertise and technology make us uniquely positioned to develop novel solutions to help harness powerful macro trends

New device capabilities bring new security requirements, more software with more security flaws, and access to greater quantity and value of data

Lighting

LED invention in revolutionary products

Technology and services to enable fixtures that are elegant and beautiful with remarkable efficiency and light distribution


Lighting Technology

Markets Residential & Commercial

Services

Solutions

Invention

FixturesHigh optical efficiency+ Precise ray angle control= Maximum application efficiency

MicroLens® OpticsEnable precise control of uniformity, exit angle and spread of light

Lighting Manufacturers & ResellersDisplay Manufacturers

Edge-lit Optical Design | Optical Film StructureMicrostructure Tooling | Advanced Coupling |

TruEdge™ LED CouplingOptimizes LED-to-light guide interface to maximize coupling efficiency

SolidCore™ ReflectorsProduce tightly-controlled, high-intensity beams, ideal for spotlights


Key Inventions that Changed LED Lighting

MicroLens® Optics

TruEdge™ Technology

Optimizes LED-to-light guide interface while maximizing coupling efficiency

Enable precise control of uniformity, exit angle, and spread of light

SolidCore™ Reflectors

Highly-efficient, compact, reflectors produce tightly-controlled, high-intensity, beams

LED(s)

Adjustable remote phosphor

Color Temperature Change

Cost-effectively adjusts LED lamps from warm to neutral to cool to neutral with a remote phosphor on the light guide


Changing the Face of LED Fixtures

GE Lumination™ Linear Suspended LED luminaires, featuring Rambus

technology, change the face of retail lighting in UK’s 40,000 sq. ft.

Sainsbury grocery store

Cooper Lighting Metalux WaveStream

Fern Howard EdgeLED

GE Lumination

http://www.gelighting.com/LightingWeb/emea/projects/sainsburys-led.jsp

Rambus Labs

Identify. Invent. Innovate.Identifying disruptions and opportunities in traditional and new markets to create inventions that fuel tomorrow’s products


R+ solutionsSerial links

New memory architecture

initiative

DPA CountermeasuresContent protectionAnti-counterfeiting

CryptoManager

Binary pixel imagerLensless smart

sensors

MicroLens optical design and replication

Memory Solutions

Security Solutions

Smart SensorsLED Innovations


Memory is an Exciting Segment

2013 2014 2015 2016 2017 20180

10

20

30

40

50

60

70$B

Newer Systems

OtherMemoryProcessor

SamsungMicron

SK Hynix

Other

36%

27%

28%

9%

NORNANDDRAMServer Power Trend

Sources: ASML, DRAM Exchange, IBM (2013 Flash Memory Summit), IDC, iSuppli

Moore’s Law Slowing


Opportunities for New Memory Technologies

L1/Reg

SRAM – L2/L3

Main Memory - DRAM

DRAM +

NVM – SSD / Flash

HDD

Archive: Optical, Tape

Spee

d

Capacity

Cost ($/bit)


Novel Memory Architectures Emerging

Intelligent DIMMs to extend the life of standards-based memory

Pervasive connectivity and massive data generation driving change

Evolving memory hierarchyDRAM, Flash, emerging

R+ Enhanced StandardsMemory devices and controllers with improved power / performance

Re-thinking the boundaries between processor, controller, and memory


Helping to Make the Internet of Things Real

Leveraging Moore’s Law …

… to improve sensing and

imaging


Smart Sensors

Binary Pixel ImagerUltra-High Dynamic Range and Improved Low Light Sensitivity

Ultra-Miniature Lensless Smart SensorEnables a new class of sensors and imagers

•Extremely small, thin, solid-state sensor solution

•Ultra-miniature, ultra-low cost, disposable sensors that can capture a wide range of scene information including motion, change, depth and IR

Single-shot DSLR-quality images and video for mobile and consumer cameras

Designed for current CMOS and SoC infrastructure, form factors, cost, and power envelopes

Emerging role for computational sensing and imaging


“A microscopic lens-free image sensor

could turn anything into a camera” -

Gizmodo

“An itty-bitty camera could bring sight to the Internet of Things”

- MIT Technology Review


Rambus in the New IP Ecosystem

• Rambus is well positioned to capitalize on future trendso High-performance/low-power chip architectureso Integrated security solutionso High-efficiency LED lighting technologieso Imaging and smart sensorso Infrastructure for the Internet of Things

• Revenue through a mix of licensing, services, and products

• Financial strength through cost management and execution focus

Financial Overview


Revenue ($M)

Certain amounts may be off by $1M due to rounding

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71 70 74 70 64

2 4 5 7

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73 73 78 77

70

Royalty Revenue Contract Revenue


Pro Forma Expenses ($M)

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43 44 44 44 45

COGS Pro Forma Opex (excl COGS)



Pro Forma Net Income ($M)

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Cash and Marketable Securities ($M)

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366 388 403

246 271


Rambus corporate-overview

Technology

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