Rambus Inc was incorporated in California in March 1990 and reincorporated in Delaware in March 1997. The Company creates cutting-edge semiconductor and IP products, spanning memory and interfaces to security, smart sensors and lighting. Its chips, customizable IP cores, architecture licenses, tools, services, software, and training improve the competitive advantage of its customers. It collaborates with the industry, partnering with ASIC and SoC designers, foundries, IP developers, EDA companies and validation labs. Its products are integrated into tens of billions of devices and systems, powering and securing diverse applications, including Big Data, Internet of Things (IoT), mobile, consumer and media platforms. The Company operates in four operational units: Memory and Interfaces Division, or MID, which is engaged in the design, development and licensing of technology that is related to memory and interfaces; Cryptography Research Division, or CRD, which is engaged in the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division, or ESD, which includes computational sensing and imaging group along with development efforts in the area of emerging technologies; and Lighting and Display Technologies, or LDT, which is engaged in the design, development and licensing of technologies for lighting. There are four main areas of focus in Memory and Interface Division: mobile memory, server-based memory, serial link designs, and custom solutions. The markets for these technologies include: DRAM devices; NAND devices; System-on-Chip (SoC) devices; silicon physical IP; and memory buffer chips. Through its Cryptography Research Division, it owns a portfolio of patented inventions and technology solutions that are needed for creating secure tamper-resistant electronic devices and systems. The Company introduced the Rambus CryptoManager feature management platform from its Cryptography Research Division. The CryptoManager platform provides chip and device companies with a hardware root-of-trust for their SoCs, as well as an Infrastructure Suite for end-to-end security throughout the SoC design and manufacturing process. Its inventions and technology solutions are offered to customers through patent licenses, technology licenses, software licenses and the shipment of products. The Company faces competition from semiconductor and digital electronics products and systems companies, other semiconductor intellectual property companies that provide security cores and non-edge lit LED lighting options that are available to the market.