Rambus and SK Hynix Extend License Agreement

SK Hynix Inc. and Rambus Inc. signed an amendment that extends the current agreement between the two companies through July 1, 2024 for use of Rambus memory-related patented innovations in SK Hynix semiconductor products.

SK Hynix and Rambus signed the original agreement for a five-year term in June 2013. With this amendment and extension of the agreement for an additional six years, SK Hynix will continue making payments to Rambus averaging $12 million per quarter for the next 36 quarters. In addition, SK Hynix has the option to renew the agreement for an additional three-year extension under the existing rate structure. Other terms and details of the agreement are confidential.

“SK Hynix’s decision of taking an early license extension is a proof point of our ability to provide continued value and technology innovation for leading semiconductor companies,” said Dr. Ron Black, president and CEO, Rambus. “This long-term agreement reaffirms our commitment to work collaboratively with customers, and other key players in the semiconductor industry, delivering technology and services that will further strengthen the growth of Rambus.“