Rambus and Samsung Electronics Extend Comprehensive Agreement

Rhea-AI Summary

Rambus Inc. (NASDAQ: RMBS) has announced a ten-year extension of its patent license agreement with Samsung Electronics, maintaining existing financial terms and broad access to Rambus's patent portfolio until late 2033. This strategic partnership aims to deepen collaboration between the two companies, enhancing value within the semiconductor industry. Rambus continues to lead in advanced chips and silicon IP, focusing on improving data throughput and integrity for data-intensive systems. The new agreement is expected to solidify their long-term relationship in the tech landscape.

Positive

• Ten-year extension of patent license agreement with Samsung Electronics.
• Maintains existing financial terms for durability in partnership.
• Broader access to Rambus's patent portfolio through late 2033.

Negative

• None.

Ten-year agreement enables deep collaboration on products and broad access to Rambus innovations

SAN JOSE, Calif.--(BUSINESS WIRE)-- Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced it has extended its comprehensive patent license agreement with Samsung Electronics, a world leader in advanced semiconductor technology, for an additional ten years. The extension substantially maintains the existing financial terms and provides Samsung with broad access to the full Rambus patent portfolio through late 2033. Other terms and details are confidential.

“Samsung has been a trusted partner for many years, and we are very pleased to extend our strategic relationship,” said Luc Seraphin, president and chief executive officer of Rambus. “This extension enables deeper collaboration to deliver even greater value to the industry, and we are excited to continue working with such an innovative industry leader.”

About Rambus Inc.

Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221031005197/en/

Nicole Noutsios

Rambus Investor Relations

(510) 315-1003

rambus@nmnadvisors.com

Source: Rambus Inc.

FAQ

What is the significance of Rambus's patent agreement extension with Samsung?

The extension signifies a long-term collaboration allowing Samsung access to Rambus's full patent portfolio, enhancing their partnership and technological advancements.

How long is the extended patent license agreement between Rambus and Samsung?

The extended patent license agreement between Rambus and Samsung is for an additional ten years, lasting until late 2033.

What are the financial implications of the Rambus and Samsung agreement?

The agreement maintains the existing financial terms, indicating stability and continuity in their business relationship.

What does Rambus focus on in the semiconductor industry?

Rambus specializes in advanced chips and silicon IP, focusing on improving data speed, security, and throughput for data-intensive applications.

What is the stock symbol for Rambus?

The stock symbol for Rambus is RMBS, listed on NASDAQ.