2023-04-04 18:09:37 ET
- U.S. chipmaker Rambus ( NASDAQ: RMBS ) on Tuesday said it had extended its patent license agreement with South Korean semiconductor giant SK hynix for an additional ten years.
- "Effective July 1, 2024, the extension maintains similar financial terms and provides SK hynix with broad access to the full Rambus patent portfolio through mid 2034," RMBS said in a statement .
- Other terms and details of the deal were not disclosed.
- RMBS stock was marginally higher by 0.2% to $48.90 after hours.
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Rambus and SK hynix extend patent license agreement through 2034