Rambus And Intel Sign New Comprehensive Patent Cross-License Agreement
LOS ALTOS and SANTA CLARA, Calif., Sept. 17, 2001 -- Rambus Inc. (Nasdaq:RMBS) and Intel Corporation today signed a comprehensive patent cross-license agreement that supersedes the prior agreement between the companies.
The new cross-license provides complete patent coverage to Intel for all patents while providing Rambus license coverage necessary for Rambus' high-speed interface businesses. The agreement will have positive material impact on Rambus' current financial quarter that Rambus will discuss during its conference call and web cast at 6 a.m. PDT. Specific terms of the agreement are confidential.
"We have had a long and mutually beneficial relationship with Intel," said Geoff Tate, Rambus' chief executive officer. "As an R&D hub for high-speed interfaces, Rambus' objective is to produce innovations that will benefit the semiconductor and system industries, and by licensing these innovations to generate a return on our investment to our shareholders. We believe the RDRAM standard is the best solution for the majority of the market and our top priority. But as evidenced by this license with Intel, we are pleased to license our other memory, communications and backplane inventions as well."
"This broad agreement will help Intel continue to be a leader in providing high- performance chipsets," said Craig Barrett, Intel president and chief executive officer. "We also look forward to continued cooperation with Rambus in the further development of RDRAM-compatible chipsets and communications chips as well as the company's support of InfiniBand* and future initiatives."
About Rambus Inc.
Rambus Inc. designs, develops and licenses high-bandwidth chip-connection technology, and provides the comprehensive engineering support necessary for a complete system solution. Rambus' technology and intellectual property are licensed to leading semiconductor suppliers, including DRAM, controller and microprocessor manufacturers, ASIC developers, and foundries for use in computer, consumer and networking systems such as personal computers, workstations, servers, game consoles, set top boxes, digital HDTVs, high-speed switches and routers.
About Intel Corporation
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at http://www.intel.com/pressroom.