Micron Bags Memory Chip Patent License Deal With Wi-LAN; Dismisses Pending Patent Litigation In US and China - Quarterhill (OTC:QTRHF), Micron Technology (NASDAQ:MU)

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  • Quarterhill Inc QTRHF QTRH Wi-LAN Inc’s subsidiaries, Innovative Memory Solutions Inc. (IMS)North Star Innovations Inc (NSI), and Cetus Technologies Inc have forged a license and settlement agreement with Micron Technology, Inc MU.
  • The financial terms of the transaction remain undisclosed.
  • Micron has obtained a license to patents owned by IMS, NSI, and Cetus, which generally relate to semiconductor memory technologies
  • Also Read: Micron Will Get Pricier With Improving DRAM Fundamentals, Analyst Anticipates
  • The agreement also includes settling and dismissing all pending patent litigation with Micron in the U.S. and China.
  • WiLAN, a Quarterhill company, is one of the most successful patent monetization companies.
  • The drive companies have recently significantly lowered their forecasts for the September quarter due to weaker trends, especially in Asia, where inventory corrections are currently underway
  • Micron had guided a significant sequential decline and a possible loss for this quarter. 
  • Price Action: MU shares traded higher by 2.27% at $54.92 on the last check Friday.

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Image and article originally from www.benzinga.com. Read the original article here.