Rambus is a fabless semiconductor company that designs and licenses high-performance chips and silicon intellectual property for data-intensive computing systems, particularly in data centers and AI infrastructure. The company generates revenue through three primary channels: memory interface chips such as DDR5 and LPDDR5 clock drivers and power management ICs sold to memory module manufacturers and OEMs; silicon IP solutions including memory controllers, PCIe controllers, and security cores licensed to semiconductor designers and customers; and patent licensing agreements with major semiconductor companies covering foundational technologies in memory architecture, high-speed serial interfaces, and security. Rambus operates a capital-efficient fabless model, outsourcing manufacturing while maintaining in-house design, testing, and R&D capabilities to serve global data center, edge computing, and automotive markets.