LONDON Memory IP specialist Mosaid Technologies Inc. (Ottawa, Canada) and NXP Semiconductors BV (Eindhoven, the Netherlands) have extended their patent license deal. However, troubled and insolvent memory maker Qimonda (Munich, Germany) has terminated the six-year patent licensing agreement between the two companies that came into effect July 1, 2006.
Mosaid also added it has sealed a five-year running royalty patent license agreement with an unnamed U.S.-based provider of wireless networking equipment.
The company stressed it has credit insurance to cover it for four quarterly payments at 90 percent regaring the Qimonda deal, up to and including the second quarter of fiscal 2010. It added that other than through insolvency proceedings, it does not anticipate receiving future amounts from Qimonda.
Despite this Mosaid is maintaining its guidance for revenue and profits for the fourth quarter of fiscal 2009 and the full fiscal year.
The deal with NXP means the Dutch chip group will continue to have access to Mosaid's IP related to embedded DRAMs in a range of products.
The amended agreement adds an additional five years, on the same terms and conditions to the five-year, running royalty patent portfolio license agreement entered into originally by Philips Semiconductors in April 2004. The licensing deal subsequently passed to NXP.
"The new wireless agreement - our sixth deal since acquiring this valuable portfolio of intellectual property two years ago - shows that our wireless patents are essential to a broad range of Wi-Fi enabled products, including handsets, enterprise and consumer networking equipment, as well as laptops,"said John Lindgren, Mosaid's President and Chief Executive Officer.
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