Rambus extends patent license with SK hynix through 2034; ~$440M expected over term

RAMBUS INC

Amendment extends SK hynix license by 10 years to July 1, 2034, effective July 1, 2024.
New quarterly cash payment mechanism averages ~$11M (~$440M over the extended term).
Amendment adds coverage for SK hynix's acquisition of Intel's NAND flash business (Solidigm).
Payments start higher, adjust lower in 2029; certain acquisitions can increase quarterly payments.
Rambus also grants SK hynix a right to license transferred/assigned patents for life of patents.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RAMBUS INC amended Amendment No. 2 to Semiconductor Patent License Agreement with SK hynix Inc. valued at approximately $440,000,000 USD (effective 2023-03-31).

Action: amendment
Agreement: license
Counterparty: SK hynix Inc.
Value: approximately $440,000,000 USD
Effective: 2023-03-31

Exact text from the filing

On March 31, 2023, Rambus Inc. (“Rambus”) and SK hynix Inc. (“SK hynix”) entered into Amendment No. 2 (the “Second Amendment”) to their Semiconductor Patent License Agreement

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RAMBUS INC filing history →

Source: SEC EDGAR

accession 0001193125-23-090998

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