Rambus and Micron Sign License Agreement

Agreement settles all outstanding disputes

SUNNYVALE, Calif. and BOISE, Idaho — December 9, 2013 — Rambus Inc. (NASDAQ:RMBS) and Micron Technology, Inc. (NASDAQ:MU) today announced they have signed a broad patent cross license agreement. Under the agreement, Micron gains the right to use any Rambus patent for the manufacture of specified integrated circuit products, including any memory integrated circuit products. Certain of these memory products will enjoy a perpetual, paid-up license after the end of the initial term. The agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 million per quarter, with a rolling twelve-month cap fixed at $40 million, or $280 million during the initial term. In addition, Micron will have the option to extend the initial term of this agreement for additional renewal periods. As part of this agreement, the two companies have settled all outstanding patent and antitrust claims, and the agreement covers both Micron and Elpida products. Other terms and details of the agreement are confidential.

"This milestone agreement puts years of legal disputes behind both companies and opens doors for future cooperation," said Dr. Ron Black, president and chief executive officer at Rambus. "We continue to focus on developing innovative technology and furthering our more open, collaborative relationship with the broader industry."

"The industry is at an important juncture with the emergence of memory systems and solutions, and Micron is ideally positioned to capitalize on this trend," said Micron CEO Mark Durcan.

Rambus management will host a conference call tomorrow, December 10, 2013 at 5:30am PT to discuss this agreement and settlement. The call will be available online at investor.rambus.com. A replay will be available following the call on the Rambus Investor Relations website for one week at the following numbers: (855) 859-2056 (domestic) or (404) 537-3406 (international) with ID# 23087430.

About Rambus Inc. Rambus is the innovative technology solutions company that brings invention to market. Unleashing the intellectual power of our world-class engineers and scientists in a collaborative and synergistic way, Rambus invents, licenses and develops solutions that challenge and enable our customers to create the future. While best known for creating unsurpassed semiconductor memory architectures, Rambus is also developing world-changing products and services in security and advanced LED lighting and displays. For additional details, visit rambus.com.

About Micron Micron Technology, Inc., is a global leader in advanced semiconductor systems. Micron's broad portfolio of high-performance memory technologies—including DRAM, NAND and NOR Flash—is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.



Contact: 

Jason Morris or Darah Roslyn Schwartz
MSL for Rambus
(415) 512-0770
Email Contact

Daniel Francisco
Micron Technology
208-368-5584
Email Contact




Review Article Be the first to review this article


Featured Video
Latest Blog Posts
The Open Geospatial Consortium BlogThe OGC Blog
by The Open Geospatial Consortium Blog
OGC appoints three new members to its Board of Directors
Jobs
AVL Sales Manager for One-Compass Suite of Companies at Denver, Colorado
Order Fulfillment & Sales Support for One-Compass Suite of Companies at Denver, Colorado
Manager, Remote Sensing Sales for One-Compass Suite of Companies at Denver, Colorado
Marketing Assistant for One-Compass Suite of Companies at Denver, Colorado
GIS Supervisor for Sanborn at Colorado Springs, Colorado
Director of Strategic Accounts for Sanborn at Colorado Springs, Colorado
Upcoming Events
GEO Business at ExCel London United Kingdom - May 19 - 20, 2021
FOSSGIS-Konferenz 2021 at OST - Ostschweizer Fachhochschule Campus Rapperswil Oberseestrasse 10 Rapperswil Switzerland - Jun 6 - 9, 2021
GI_Forum 2021 | re.connecting spatially at Salzburg Austria - Jul 5 - 9, 2021
InterDrone 2021 at Hyatt Regency Dallas TX - Aug 10 - 12, 2021
University of Denver GIS Masters Degree Online



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise