Rambus and SK hynix Extend Comprehensive License Agreement

Rhea-AI Summary

Rambus Inc. (NASDAQ: RMBS) has announced a ten-year extension of its patent license agreement with SK hynix, effective July 1, 2024. This agreement maintains similar financial terms and grants SK hynix broad access to Rambus' comprehensive patent portfolio until mid-2034. Luc Seraphin, CEO of Rambus, highlighted the longstanding partnership and commitment to advancing semiconductor technology through collaboration. The extension underscores the value of Rambus' intellectual property and its importance in enhancing product development.

Positive

• Ten-year extension of patent license agreement with SK hynix until mid-2034.
• Maintains similar financial terms, providing stability.
• Broad access to Rambus' patent portfolio supports product innovation.

Negative

• None.

Agreement extended by ten years to 2034, enabling long-term 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 SK hynix, a world leader in advanced semiconductor technology, for an additional ten years. Effective July 1, 2024, the extension maintains similar financial terms and provides SK hynix with broad access to the full Rambus patent portfolio through mid 2034. Other terms and details are confidential.

“SK hynix is a longstanding partner and customer, and we are very pleased to extend our strong relationship well ahead of the agreement’s expiration date,” said Luc Seraphin, president and chief executive officer of Rambus. “Both Rambus and SK hynix are committed to advancing the industry with world-class products and technology, and this extension is a testament to the ongoing value of our intellectual property and our continued product collaborations together.”

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/20230404005411/en/

Nicole Noutsios

Rambus Investor Relations

(510) 315-1003

rambus@nmnadvisors.com

Source: Rambus Inc.

FAQ

What is the latest news about Rambus Inc. (RMBS) and SK hynix?

Rambus has extended its patent license agreement with SK hynix for ten years, effective July 1, 2024.

What are the financial terms of Rambus Inc.'s deal with SK hynix?

The financial terms remain similar to the previous agreement, ensuring continued stability for Rambus.

How long is the new agreement between Rambus Inc. and SK hynix valid?

The agreement is valid until mid-2034.

What does the patent license agreement between RMBS and SK hynix entail?

The agreement provides SK hynix broad access to Rambus' patent portfolio, supporting advancements in technology.