TweakTown
Tech content trusted by users in North America and around the world
5,672 Reviews & Articles | 36,054 News Posts

Micron and Rambus Sign License Agreement

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.

 

TweakTown image pr/8/5/8575_01_micron_and_rambus_sign_license_agreement.jpg

 

"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.

Related Tags

Further Reading: Read and find more Business, Financial & Legal press releases at our Business, Financial & Legal PR index page.

Do you get our RSS feed? Get It!

Post a Comment about this press release

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below