“This is a milestone agreement for both companies that puts years of legal disputes behind us and gives us the opportunity for collaboration,” Rambus Chief Executive Officer Ron Black said yesterday in a statement.
The five-year agreement with SK Hynix will bring in $12 million a quarter, according to the statement.
A federal judge in San Jose, California, last month ordered Rambus to pay $250 million to SK Hynix for destroying documents in their litigation. Rambus, based in Sunnyvale, California, won a $349 million judgment on its patent-infringement claims in 2006.
Representatives of SK Hynix didn’t immediately respond to an e-mail seeking comment on a licensing accord….”Twitter