Rambus and SK Hynix Extend License Agreement
June 18 2015 - 4:45PM
Business Wire
Agreement extended to 2024
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.comRambus blog: rambusblog.comTwitter:
@rambusincLinkedIn: www.linkedin.com/company/rambusFacebook:
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
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version on businesswire.com: http://www.businesswire.com/news/home/20150618006207/en/
RambusSimone Souza, 408-462-8859ssouza@rambus.comorRacepoint
GlobalHilary Costa, 415-694-6705hcosta@racepointglobal.com
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