IPValue Management Affiliate Longitude Licensing Granted SK hynix WW Non-Exclusive Patent License

IPValue Management, Inc. announced that Longitude Licensing Ltd. (LLL) has granted SK hynix Inc. a WW non-exclusive patent license for the patent portfolio of Longitude Flash Memory Solutions, Ltd. (LFMS).

LFMS and LLL are affiliates of IPValue. SK hynix is a tier semiconductor supplier offering DRAM chips, flash memory chips, CMOS image sensors, and SSDs for a range of customers globally.

The LFMS portfolio comprises more than 500 patents WW. The patents originated from Cypress Semiconductor, which was acquired by Infineon Technologies in 2020. These patents address certain fundamental technologies related to the design, manufacturing and operation of various kinds of memory devices, such as NAND (3D and 2D, MLC, TLC, QLC), DRAM, NVDIMM, HBM, and SSDs products and include, among others, SONOS, Charge Trap structures and ECC.

“We are pleased to have licensed the LFMS patent portfolio to SK hynix on mutually agreeable terms. This agreement reinforces our belief that a constructive and open dialog with potential licensees can result in an amicable deal,” said Garrett Dempsey, director, LLL. “SK hynix follows other major semiconductor vendors, including Samsung Electronics, Co., Ltd. and Micron Technology, Inc., as a licensee of the LFMS patent portfolio.“

About IPValue Management
Its mission is to fuel innovation by working with technology enterprises to unlock value from their IP portfolios. Since inception in 2001, the company has generated nearly $3 billion in cash from patent licenses and has delivered nearly $1.5 billion to its partners along with other valuable consideration. It currently owns and manages the commercialization of over 9,000 patents.