| Page (1) of 1 - 02/08/12 |
 email article |
 print
page |
|
SUNNYVALE, California (AP) ' Technology licensing company Rambus Inc. said Wednesday it has signed a licensing agreement with chip maker Nvidia Corp. to settle a long-running patent dispute.
Financial terms of the five-year agreement were not disclosed. The deal allows Nvidia, which makes graphics chips and processors for PCs, tablets and other devices, to use Rambus's technology in a broad range of its products.
"This is an important license agreement as it settles our differences and allows us to move forward with Nvidia, the leader in visual and parallel computing," said Harold Hughes, president and CEO of Rambus, in a statement.
Rambus sued Nvidia as early as 2008, when it claimed that six Nvidia product lines infringed its patents.
Nvidia said in a statement it is "pleased to settle these matters on terms that are fair and logical to us."
The shares of both companies advanced in the wake of the settlement.
Shares of Rambus rose 66 cents, or 8.7 percent, to $8.21 in morning trading. The stock has traded in the 52-week range of $4 and 22.20.
Shares of Nvidia rose 57 cents, or 3.6 percent, to $16.31. The stock has traded between $11.47 and $26.01 in the past year
Page: 1
Related Keywords:Rambus-Patent, Technology, Patents, Contracts and orders, Corporate news, Business, Intellectual property violations, Intellectual property, Crime, General news, Corporate stock, Industrial products and services, Industries
Related Sites: Creative Mac , AEC Newsroom , Hollywood Industry , Media Workstation , Digital Video Editing , Digital CAD , IBC News , Digital Animators , Animation Artist , Siggraph News , Audio Video Producer , BN - Broadcast Newsroom , Corporate Media News , Digital Game Developer , Digital Media Designer , MacAnimationPro , Digital Post Production , DVD Creation , DV Format , Film Imaging , HD Issues , Presentation Master , MacDVDPro , MacVideoPro , MacAudioPro , MacDesignPro , After Effects , CEN - Consumer Electronics Net , PhotoShop , Final Cut Pro ,