SAN FRANCISCO—South Korea's SK Hynix Inc. Tuesday (June 11) announced a five-year license deal with Rambus Inc worth about $240 million. The deal settles all outstanding claims between the two firms.
Hynix (Seoul) will pay Rambus $12 million per quarter for the next five years, Rambus (Sunnyvale, Calif.) The deal brings to a close a long running patent feud between the two firms. Under the terms of the agreement, Hynix gets the rights to use memory-related patented innovations. Other terms of the agreement are confidential.
“This is a milestone agreement for both companies that puts years of legal disputes behind us and gives us the opportunity for collaboration,” said Ron Black, president and CEO or Rambus, in a statement. “With this agreement, we can focus more on engaging with the industry as we work on future challenges where we can bring invention and value to the market with superior solutions and products.”
In recent years, Rambus has compelled several companies to pay licensing fees in order to avoid litigation, In 2010, the company announced a license deal with Samsung Electronics Group Ltd. worth more than $400 million.
In 2010, Rambus announced a license deal with Nvidia Corp. Earlier this year, Rambus announced a license deal with LSI Inc. Related stories: