IPValue Management Affiliate Grants License to SK hynix to Patent Portfolio Acquired from Cypress Semiconductor
SANTA CLARA, Calif.--(BUSINESS WIRE)--IPValue Management, Inc. (“IPValue”) today announced that Longitude Licensing Ltd. (“LLL”) has granted SK hynix Inc. (“SK hynix”) a worldwide, non-exclusive patent license for the patent portfolio of Longitude Flash Memory Solutions, Ltd. (“LFMS”). LFMS and LLL are affiliates of IPValue. SK hynix is a top tier semiconductor supplier offering Dynamic Random Access Memory chips, Flash memory chips, CMOS Image Sensors, and SSDs for a wide range of distinguished customers globally.
The LFMS portfolio comprises more than 500 patents worldwide. The patents originated from Cypress Semiconductor, which was acquired by Infineon Technologies in 2020. These patents address certain fundamental technologies related to the design, manufacturing and operation of various kinds of memory devices, such as NAND (3D & 2D, MLC, TLC, QLC), DRAM, NVDIMM, HBM, and SSDs products and include, among others, SONOS, Charge Trap structures and ECC.
“We are pleased to have licensed the LFMS patent portfolio to SK hynix on mutually agreeable terms. This agreement reinforces our belief that a constructive and open dialog with potential licensees can result in an amicable deal,” said Garrett Dempsey, Director of LLL. SK hynix follows other major semiconductor vendors, including Samsung Electronics, Co., Ltd. and Micron Technology, Inc., as a licensee of the LFMS patent portfolio.
About IPValue Management
IPValue’s mission is to fuel innovation by working with leading technology enterprises to unlock value from their IP portfolios. Since inception in 2001, IPValue has generated nearly $3B in cash from patent licenses and has delivered nearly $1.5B to its partners along with other valuable consideration. IPValue currently owns and manages the commercialization of over 9,000 patents. For more information, visit www.IPValue.com.