LONDON Ė Chip company Renesas Electronics Corp. has entered into a patent licensing agreement with Acacia Research Corp., a patent portfolio holder and licensor.
As a part of the deal patents selected by Acacia (Newport Beach, Calif.) and Renesas (Tokyo, Japan) from the Renesas portfolio of over 40,000 patents and patent applications will be assigned to Acacia for patent licensing.
Renesas did not state what number of proportion of its patent portfolio would be administered through Acacia. Nor did the companies state how much additional financial income they each expected to receive as a result of the arrangement.
"In today's new paradigm of intellectual property where patent transactions are a part of everyday business, patent licensing has become increasingly important. In the meantime, it is important for Renesas Electronics to protect its own customers in the marketplace," said Hironori Seki, general manager of the intellectual property division of Renesas Electronics Corp., in a statement.
"We are honored to have been selected to license the patents of Renesas Electronics, the world's third largest semiconductor company by revenue," commented Paul Ryan, Acacia's chairman and CEO, in the same statement.
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