Rambus and Micron Extend Patent License Agreement
Rambus Inc. (NASDAQ: RMBS) has announced the extension of its patent license agreement with Micron for an additional four years, maintaining the current financial terms and extending the license until December 1, 2024. This agreement reflects a strengthening of their partnership, as noted by Kit Rodgers, senior vice president of technology partnerships and corporate development at Rambus. The ongoing collaboration aims to advance technology in data processing and security, further benefiting both companies.
- Extension of patent license agreement with Micron until December 1, 2024.
- Maintains existing financial terms, potentially providing stable revenue.
- Indicates a strengthening partnership with Micron.
- None.
SAN JOSE, Calif., Sept. 3, 2020 /PRNewswire/ -- Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip provider making data faster and safer, today announced it has extended its patent license agreement with Micron for an additional four years. The extension maintains the existing financial terms of the agreement and provides Micron with a license to the extensive portfolio of Rambus patents until December 1, 2024.
"We are very pleased Micron has extended their patent license agreement and with how our broader relationship has grown over time," said Kit Rodgers, senior vice president of technology partnerships and corporate development at Rambus. "We look forward to our continued collaboration in the future."
About Rambus Inc.
Rambus is a premier silicon IP and chip provider that makes data faster and safer. With 30 years of innovation, we continue to develop the foundational technology for all modern computing systems. Leveraging our semiconductor expertise, Rambus solutions speed performance, expand capacity and improve security for today's most demanding applications. From data center and edge to artificial intelligence and automotive, our interface and security IP, and memory interface chips enable SoC and system designers to deliver their vision of the future. For more information, visit rambus.com.
Contact:
Nicole Noutsios
Rambus Investor Relations
(510) 315-1003
rambus@nmnadvisors.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/rambus-and-micron-extend-patent-license-agreement-301123592.html
SOURCE Rambus Inc.
FAQ
What does the extended patent license agreement between Rambus and Micron entail?
How long is the new patent license agreement between Rambus and Micron effective?
What is the significance of the patent license extension for Rambus?
What is the stock symbol for Rambus Inc.?
