Rambus (RMBS) and Qimonda Sign Amended Patent License Agreement
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Rambus Inc. (NASDAQ: RMBS) announced it has signed an amendment to its current patent license agreement with Qimonda AG, a leading manufacturer of memory products.
This amendment extends the minimum term of the original patent license agreement, but specifies that in the event Infineon ceases to control or otherwise own a majority of Qimonda shares, certain competitors would not accede to the license upon their acquisition of control of Qimonda or a majority of Qimonda shares. The amendment further provides that any such acquirer would generally not acquire the benefit of a release from Rambus for past damages, including past infringement of Rambus' patent portfolio.
"This amendment paves the way for further cooperation between our two companies," said Robert Feurle, vice president Business Unit Specialty DRAM of Qimonda AG. "We look forward to collaborating with Rambus to develop state-of-the-art memory products for the high-volume computing and consumer electronics markets."
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