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Rambus and Samsung Electronics Extend Comprehensive Agreement

Rambus and Samsung Electronics Extend Comprehensive Agreement

By AP News
Published - Oct 31, 2022, 09:11 AM ET
Last Updated - Jun 23, 2023, 11:14 PM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct 31, 2022--

Rambus Inc. (NASDAQ: RMBS ), a premier chip and silicon IP provider making data faster and safer, today announced it has extended its comprehensive patent license agreement with Samsung Electronics, a world leader in advanced semiconductor technology, for an additional ten years. The extension substantially maintains the existing financial terms and provides Samsung with broad access to the full Rambus patent portfolio through late 2033. Other terms and details are confidential.

“Samsung has been a trusted partner for many years, and we are very pleased to extend our strategic relationship,” said Luc Seraphin, president and chief executive officer of Rambus. “This extension enables deeper collaboration to deliver even greater value to the industry, and we are excited to continue working with such an innovative industry leader.”

About Rambus Inc.

Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory subsystems that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20221031005197/en/

CONTACT: Nicole Noutsios

Rambus Investor Relations

(510) 315-1003

rambus@nmnadvisors.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: APPS/APPLICATIONS MOBILE/WIRELESS TECHNOLOGY SECURITY SOFTWARE NETWORKS INTERNET HARDWARE DATA MANAGEMENT CONSUMER ELECTRONICS

SOURCE: Rambus Inc.

Copyright Business Wire 2022.

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