Rambus announced a patent license agreement with MediaTek:
Rambus Inc. (NASDAQ:RMBS), one of the world’s premier technology licensing companies, announced today it has signed a patent license agreement with MediaTek Inc. (TW:2454). This agreement covers the use of Rambus patented innovations in a broad range of integrated circuit (IC) products offered by MediaTek Inc. In addition, the two companies have settled all outstanding claims, including resolution of past use of Rambus’ patented innovations. The term of this patent license agreement is five years. Other terms of the agreement are confidential.
“Consumer demand for increasing flexibility in electronic products is at the forefront of disruptive change. We are pleased to sign this agreement with MediaTek, one of the global leaders in SoC systems solutions, to enable greater mobility and accessibility for consumer devices,” said Sharon Holt, senior vice president and general manager of the Semiconductor Business Group at Rambus. “We are committed to the development of innovative new technologies that help our licensees bring superior products to market.”