SK Hynix and Rambus have signed an amendment that extends the current agreement between the two companies through July 1, 2024 for use of Rambus memory-related patented technologies 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 $12M 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 were not disclosed.