Micron Technology and Rambus sign a "broad patent cross license agreement"-- one bringing 13 years of legal disputes to an end as Micron agrees to pay Rambus up to $280 million over the next 7 years.
In exchange Micron gets the rights to use any Rambus patent for the manufacture of specified integrated circuit products, including memory, as well as the dropping of all pending litigation.
"This milestone agreement puts years of legal disputes behind both companies and opens doors for future cooperation," Rambus CEO Dr. Ron Black says. "We continue to focus on developing innovative technology and furthering our more open, collaborative relationship with the broader industry."
The deal sees Micron making quarterly royalty payments reaching around 0.6% of revenues from products using Rambus patents. The payments are capped at $10m per quarter (with a fixed cap of $40m per 4 quarters), meaning during the next 7 years Rambus will make up to $280m according to sales volume.
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