Micron obtains license to memory chip patents held by Wi-LAN subsidiaries
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Micron Technology (NASDAQ:MU) has signed a license and settlement agreement with subsidiaries of Wi-LAN, a Quarterhill (OTCQX:QTRHF) company.
Under the deal, the semiconductor maker obtained a license to patents owned by Wi-LAN wholly-owned subsidiaries, Innovative Memory Solutions, North Star Innovations and Cetus Technologies. The patents mainly relate to semiconductor memory technologies.
The agreement also includes the settlement and dismissal of all pending patent litigation with Micron (MU) in the U.S. and China.
The license fees payable by Micron and all other terms of the license agreement have been kept confidential.
MU shares are downÂ 1.28%Â premarket