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Rambus and SK Hynix Extend Their License Agreement

Rambus and SK Hynix Extend Their License Agreement

PC components Jun 19,2015 0

SK Hynix and Rambus have signed an amendment that extends the current agreement between the two companies through July 1, 2024 for use of Rambus memory-related patented technologies in SK Hynix semiconductor products. SK Hynix and Rambus signed the original agreement for a five-year term in June 2013. With this amendment and extension of the agreement for an additional six years, SK Hynix will continue making payments to Rambus averaging $12M per quarter for the next 36 quarters. In addition, SK Hynix has the option to renew the agreement for an additional three-year extension under the existing rate structure.

Other terms and details of the agreement were not disclosed.

Tags: RambusSK Hynix
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