Rambus and LSI Reach Settlement, Sign Licensing Deal

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Memory chip maker Rambus has announced that it signed a patent license agreement with LSI  running through 2018, following a settlement the two reached in the long-running lawsuit against the semiconductor specialist. The agreement allows LSI to include Rambus' patented innovations in all its products.

While Rambus said the terms of the settlement are confidential, it also revised its first-quarter revenue projections to now say it expected between $65 million and $69 million, up from its prior guidance of $58 million to $63 million, suggesting that LSI paid Rambus somewhere between $6 million and $7 million.

Kevin Donnelly, senior VP and general manager at Rambus, said, "Reaching this agreement with LSI is an important step as we look forward to deeper engagement and collaboration with the industry." The memory-chip maker's stock jumped almost 7% in after hours trading.


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The article Rambus and LSI Reach Settlement, Sign Licensing Deal originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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