January 3, 2012 - SK Hynix has entered into new eight-year patent licensing agreements with Tessera Inc. and Invensas, making it the first DRAM maker to gain access to both companies' patents, according to the firms.
The Korean chipmaker will make a one-time payment and pay running royalties Financial terms of the deals were not disclosed, but Tessera said in a statement that its recurring royalty revenues from SK Hynix would increase starting in 2Q13 (because it reports royalties one quarter in arrears) and that the two sides have dismissed an antitrust lawsuit pending in a California state court.
"Multi-year agreements like these benefit our customers with secure pricing and provide us with running royalties that fund new innovations," said Robert A. Young, president/CEO of parent company Tessera Technologies Inc. He added that SK Hynix now has access to more than 1200 issued patents combined from the portfolios of Tessera Inc. (the subsidiary) and Invensas.