Rambus, a leading provider of chip and silicon IP to make data faster and safer, has announced that it has extended its patent license agreement with SK hynix, a global leader in advanced semiconductor technology, for an additional ten years.

The extension, effective July 1, 2024, will provide SK hynix with broad access to the full Rambus patent portfolio through mid 2034, while maintaining similar financial terms. The specific terms and details of the agreement remain confidential.

Luc Seraphin, president and CEO of Rambus, expressed his satisfaction with the extension, stating, "SK hynix is a valued partner and customer, and we are delighted to extend our successful relationship well in advance of the agreement's expiration date. Both companies are dedicated to advancing the industry with top-of-the-line products and technology, and this extension reflects the ongoing value of our intellectual property and our continued product collaborations."

This announcement reaffirms the strong relationship between the two companies and their mutual commitment to driving innovation in the semiconductor industry.