Mosaid, LSI ink exclusive patent licensing agreement

Mosaid Technologies Inc. announced a 10-year patent licensing agreement with LSI Corp., giving the former exclusive right to sub-license more than 50 LSI patents relating to memories, DSPs, microprocessors, ASICs and semiconductor processing technology.

The agreement builds on Mosaid's recent purchase of fundamental wireless patents from Agere, now merged with LSI. The company will pay LSI a percentage of the net royalty revenues associated with licensing these patents.

"Now, as the new owner of Agere and its portfolio of patents, we plan to continue a successful tradition of enhancing shareholder value through IP licensing," said John Veschi, VP and general manager of LSI's IP business. "MOSAID's licensing expertise was a major factor in our choosing to enter this relationship."

"As an intellectual property company, we are tightly focused on patent licensing," said John Lindgren, president and CEO, Mosaid. "Today's agreement aligns with our strategy to continue building a robust patent portfolio through exclusive licenses, acquisitions and patents on internally developed technology. It also strengthens Mosaid's campaign to re-license companies with whom we currently have term licenses."