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Chip Firm Rambus Is Working With an Adviser to Pursue a Sale

  • Consolidation in semiconductor industry has slowed this year
  • Rambus now sells branded chips, shares down 20 percent in 2017

Rambus Inc., a chip designer with a lengthy history of patent litigation, is considering a sale even as it has expanded its business to include sales of its own branded chips, people familiar with the matter said.

The Sunnyvale, California-based company is working with a financial adviser to evaluate sale options and seek potential suitors, the people said, asking not to be identified because the discussions are private. No final decision has been made and the company may choose not to pursue a sale, they said.

A representative for Rambus declined to comment.

Rambus jumped as much as 15 percent Friday, the most since Dec. 10, 2013, when it settled a licensing dispute with chipmaker Micron Technology Inc. The shares, after a brief suspension in trading...