WASHINGTON (dpa-AFX) - Rambus Inc. (RMBS) and South Korea's SK Hynix said Tuesday that they have signed a five-year patent license agreement for the use of Rambus memory-related patented innovations in SK Hynix semiconductor products and have also settled all outstanding claims.
The agreement includes a license to certain DRAM products for payments of $12 million per quarter for the next five years.
Other terms of the agreement were not disclosed.
The agreement came after a lengthy court battle between the two companies. In September, a U.S. district court found that the Rambus patents in the case are valid and infringed by SK Hynix, and Rambus was entitled to receive royalty payments for past infringement based on reasonable and non-discriminatory rates.
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