Rambus Inc. and Micron Technology, Inc. today announced they have signed a broad patent cross license agreement. Under the agreement, Micron gains the right to use any Rambus patent for the manufacture of specified integrated circuit products, including any memory integrated circuit products. Certain of these memory products will enjoy a perpetual, paid-up license after the end of the initial term. The agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 million per quarter, with a rolling twelve-month cap fixed at $40 million, or $280 million during the initial term. In addition, Micron will have the option to extend the initial term of this agreement for additional renewal periods. As part of this agreement, the two companies have settled all outstanding patent and antitrust claims, and the agreement covers both Micron and Elpida products. Other terms and details of the agreement are confidential.
"This milestone agreement puts years of legal disputes behind both companies and opens doors for future cooperation," said Dr. Ron Black, president and chief executive officer at Rambus. "We continue to focus on developing innovative technology and furthering our more open, collaborative relationship with the broader industry."
"The industry is at an important juncture with the emergence of memory systems and solutions, and Micron is ideally positioned to capitalize on this trend," said Micron CEO Mark Durcan.
Rambus management will host a conference call tomorrow, December 10, 2013 at 5:30am 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# 23087430.
Recommended for You
Latest News Posts
- Skyrim: Special Edition already has 73 console mods
- GIVEAWAY: MSI GeForce GTX 1050 Ti GAMING X 4G / 2G
- Google buys VR eye-tracking startup company
- Get the latest update for Pokémon GO on Android and iOS
- Pre-order Skyrim-themed Monopoly game for March 2017
- MSI GeForce GTX 1050 Ti Gaming X 4G Review
- BP2SATA - Do I need to connect both power ports?
- HyperX ALLOY FPS Mechanical Gaming Keyboard Review
- Independence Day Resurgence 4K Blu-ray Review
- Battlefield 1 Multiplayer Gameplay Thoughts
- BIOSTAR unveils its GeForce GTX 1060 dual-fan video cards
- Manli announces GeForce GTX 1050 Gallardo Series video cards
- Eurocom launches the ultrathin 15.6' Sky M5 R2 VR Ready gaming laptop with Intel Core i7 6700HQ, NVIDIA GeForce GTX 1060 (6 GB GDDR5), 4G LTE support, 64 GB DDR4 memory, 6 TB SSD storage
- ENERMAX releases Steelwing aluminum case
- ENERMAX Platimax D.F. PSU is available now