Agreement extended to 2024
SEOUL, South Korea & SUNNYVALE, Calif.--(BUSINESS WIRE)--
SK
Hynix Inc. and Rambus
Inc. (NASDAQ:RMBS), today announced they have signed an amendment
that extends the current agreement between the two companies through
July 1, 2024 for use of Rambus memory-related patented innovations in SK
Hynix semiconductor products. SK Hynix and Rambus signed the original
agreement for a five-year term in June 2013. With this amendment and
extension of the agreement for an additional six years, SK Hynix will
continue making payments to Rambus averaging $12M per quarter for the
next 36 quarters. In addition, SK Hynix has the option to renew the
agreement for an additional three-year extension under the existing rate
structure. Other terms and details of the agreement are confidential.
"SK Hynix's decision of taking an early license extension is a proof
point of our ability to provide continued value and technology
innovation for leading semiconductor companies," said Dr. Ron Black,
president and chief executive officer at Rambus. "This long-term
agreement reaffirms our commitment to work collaboratively with
customers, and other key players in the semiconductor industry,
delivering technology and services that will further strengthen the
growth of Rambus."
Rambus continues to drive innovation in memory and interface designs,
creating new technology architectures that address key trends in cloud
computing, big data and Internet of Things (IoT). For additional
information on Rambus and its memory, interface and security
technologies, visit rambus.com.
Follow Rambus:
Company website: rambus.com
Rambus
blog: rambusblog.com
Twitter:
@rambusinc
LinkedIn:
www.linkedin.com/company/rambus
Facebook:
www.facebook.com/RambusInc
About Rambus Inc.
Rambus brings invention to market. Our customizable IP cores,
architecture licenses, tools, services, and training improve the
competitive advantage of our customer's products while accelerating
their time-to-market. Rambus products and innovations capture, secure
and move data. For more information, visit rambus.com.
About SK Hynix Inc.
SK Hynix Inc., headquartered in 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
View source version on businesswire.com: http://www.businesswire.com/news/home/20150618006207/en/
Rambus
Simone Souza, 408-462-8859
ssouza@rambus.com
or
Racepoint
Global
Hilary Costa, 415-694-6705
hcosta@racepointglobal.com
Source: Rambus Inc.
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