Agreement settles all outstanding disputes
SEOUL, South Korea & SUNNYVALE, Calif.--(BUSINESS WIRE)--
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.
RMBSFN
SchwartzMSL for Rambus
Inc.
Dan O'Mahoney or Darah Roslyn, 415-817-2548
rambus@schwartzmsl.com
or
Rambus
Inc.
Nicole Noutsios, 408-462-8050
Investor Relations
nnoutsios@rambus.com
Source: Rambus Inc.
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