Rambus and SK Hynix Sign Patent License Agreement
Agreement settles all outstanding disputes
SEOUL, South Korea & SUNNYVALE, Calif. -- June 11, 2013
Rambus Inc. (NASDAQ:RMBS), the innovative technology solutions company, and SK
Hynix, the world’s top tier memory semiconductor supplier, today announced
they have signed a five-year patent license agreement for the use of Rambus
memory-related patented innovations in SK Hynix semiconductor products and
have also settled all outstanding claims. The agreement includes a license to
certain DRAM products for payments of $12 million per quarter for the next
five years. Other terms of the agreement are confidential.
“This is a milestone agreement for both companies that puts years of legal
disputes behind us and gives us the opportunity for collaboration,” said Dr.
Ron Black, president and chief executive officer at Rambus. “With this
agreement, we can focus more on engaging with the industry as we work on
future challenges where we can bring invention and value to the market with
superior solutions and products.”
Rambus management will host a conference call today at 2:00pm PT to discuss
this agreement and settlement. The call will be available online at
investor.rambus.com. A replay will be available following the call on the
Rambus Investor Relations website for one week at the following numbers: (855)
859-2056 (domestic) or (404) 537-3406 (international) with ID# 94783491.
About Rambus Inc.
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, advanced LED lighting and displays, and immersive mobile media.
Additional information is available at www.rambus.com
About SK Hynix Inc.
SK Hynix Inc., Korea, is the world’s top tier semiconductor supplier offering
Dynamic Random Access Memory chips (“DRAM”), Flash memory chips ("NAND Flash")
and CMOS Image Sensors ("CIS") for a wide range of distinguished customers
globally. The Company’s shares are traded on the Korea Exchange, and the
Global Depository shares are listed on the Luxemburg Stock Exchange. Further
information about SK Hynix is available at www.skhynix.com.
SchwartzMSL for Rambus Inc.
Dan O’Mahoney or Darah Roslyn, 415-817-2548
Nicole Noutsios, 408-462-8050
Press spacebar to pause and continue. Press esc to stop.