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Rambus, Micron Sign Broad Patent License Agreement

Related RMBS
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Earnings Scheduled For July 21, 2014

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Rambus (NASDAQ: RMBS) and Micron Technology (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

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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