LONDON Ė Crocus Technology Inc., a developer of magnetic RAMs with French origins and Russian financial backing, has announced the acquisition of the MRAM patent portfolio of NXP Semiconductors NV (Eindhoven, The Netherlands).
The patents provide intellectual property rights in multiple geographies across North America, Europe and Asia, Crocus said but the company did not reveal how much it had paid for the package.
"A robust intellectual property portfolio is crucial to building a strong business in competitive technology markets, and this acquisition is the latest step in Crocus' continuing efforts to build an industry leading patent position," said Bertrand Cambou, executive chairman of Crocus (Sunnyvale, Calif.), in a statement.
With this recent acquisition Crocus owns over 100 issued and pending patents in magnetic semiconductor technology covering materials, devices, design and product technology. Prior to the acquisition most of Crocus' patents were developed by Crocus engineers and scientists or resulted from its partnership with Spintec research laboratories based in Grenoble, France.
In May 2011 Crocus announced that it had agreed with Rusnano, the Russian state-controlled nanotechnology investment agency, to a collaborative project with a funding budget of $300 million that includes the creation of an MRAM manufacturing facility in Russia.
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