Commission Approves Appointment of Compliance Officer in Matter of Rambus Incorporated

FTC approval of appointment of compliance officer in matter of Rambus Inc.: By a vote of 5-0, the Commission has approved an application to appoint a compliance officer in the matter of Rambus Incorporated. In an application submitted on July 11, 2007, Rambus requested the Commission approve Chirag R. Asaravala as its compliance officer. The Commission gave its approval in a letter dated August 29, 2007, to Rambus’s counsel.

Pursuant to an FTC final order announced on February 5, 2007, Rambus is required to employ a Commission-approved compliance officer who will be charged with ensuring that Rambus does not make misrepresentations and omissions to standard setting organizations. The FTC issued the final order after Rambus unlawfully established monopoly power in certain markets for dynamic random access memory (DRAM) computer chip technology by inducing a standard setting organization, through misrepresentations and omissions, to incorporate Rambus’s technologies into standards enacted by that organization. The order is designed to remedy the effects of those unlawful monopolies and to prevent Rambus from again acquiring unlawful monopoly power through similar means.

On April 4, 2007, Rambus filed an appeal of the FTC’s final order with the U.S. Court of Appeals for the District of Columbia. The appeal is pending. (FTC Docket No. 9302; the staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526; see press release dated February 5, 2007.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

22 hours ago

Remarks by Secretary of the Treasury Janet L. Yellen on the 30th Anniversary of the Community Development Financial Institution Fund

As Prepared for Delivery Good afternoon. It’s an honor to welcome President Clinton to Treasury today…

2 days ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

2 days ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

2 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

4 days ago