Rambus Signs Comprehensive Agreement With Samsung Electronics - Quick Facts

(RTTNews) - Rambus Inc. (RMBS) announced that it has signed comprehensive 10-year license agreement with Samsung Electronics Co. Ltd. (SSNNF.PK, SSNLF.PK) that extends the existing relationship between the companies, providing Samsung with access to Rambus' innovative technologies for inclusion in Samsung ICs. The agreement is set to terminate in 2023.

The agreement requires quarterly royalty payments to Rambus of $15 million per quarter for the first five years, with an initial payment of $22 million for the fourth quarter of 2013. Payments in the second five-year period are variable and subject to market-related factors.

Separately, Samsung Electronics and Cryptography Research, Inc., a division of Rambus announced an extended relationship, enabling further integration of CRI's DPA countermeasure technologies across a variety of Samsung semiconductor and system devices. This agreement allows Samsung to provide protection against side channel attacks in devices such as smartphones, payment chips, content protection systems, and enterprise applications.