LONDON – Memory and wireless patent holder Mosaid Technologies Inc. has said that Hynix Semiconductor Inc. has agreed to take a six-year license to Mosaid's patents, with fixed equal quarterly payments over the term.
No indication of how much Hynix might have to pay Mosaid (Ottawa, Ontario) was given. Mosaid said it expects a final definitive agreement to be signed within the next few weeks. Hynix's existing patent license agreement with Mosaid expired on March 31, 2011.
"We are extremely pleased to have reached agreement with Hynix," said John Lindgren, President and CEO of Mosaid, in a statement. "This makes Mosaid five-for-five for renewing term licenses without any lapse in coverage and is a testament to the continuing strength and value of our memory patents," Lindgren said.
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