Rambus and Renesas Electronics announced they've renewed their patent license agreement:
Rambus Inc. (Nasdaq:RMBS), one of the world’s premier technology licensing companies, announced today it has renewed its patent license agreement with Renesas Electronics Corporation (TSE:6723). Renesas Technology Corp. and NEC Electronics Corporation, merged in April 2010 to form Renesas Electronics. This agreement covers the use of Rambus patented innovations in a broad range of logic integrated circuit (IC) products offered by Renesas Electronics. Specific terms of the agreement are confidential.
“This license with a global leader of the semiconductor industry represents continued validation of the strength of our patent portfolio,” said Sharon Holt, senior vice president and general manager of the Semiconductor Business Group at Rambus. “We have enjoyed a long and positive relationship with Renesas Electronics, and we are pleased to renew this important agreement with one of the top five semiconductor companies.”