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NVE inks technology exchange pact with Cypress

Posted: 26 Apr 2002 ?? ?Print Version ?Bookmark and Share

Keywords:magnetic random-access memory? MRAM? IP? wafer?

NVE Corp. has entered into a technology exchange agreement with Cypress Semiconductor Corp. Under the agreement, Cypress acquires an equity investment in NVE and both companies gain rights to each other's magnetic RAM (MRAM) IP. Cypress will assist NVE in defending its IP rights under certain circumstances and will manufacture wafers for NVE.

In addition to Cypress, NVE has technology agreements with Agilent Technologies, Motorola Inc. and Honeywell Int. NVE retains the right to license its technology to other companies.

"NVE's technology will help speed our development of next-generation electronic components," said Cypress Semiconductor President and CEO T. J. Rodgers.

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