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Tessera subsidiary acquires 73 memory chip patents

Posted: 30 Dec 2011 ?? ?Print Version ?Bookmark and Share

Keywords:DRAM? patent acquisition? memory chip?

Tesssera Technologies Inc. subsidiary Invensas Corp. has acquired 73 memory chip patents from MoSys Inc. Invensas is paying $35 million in cash for the patents.

MoSys retained a royalty-free license to use the patents?which include 43 U.S. patents and 30 foreign patents?as part of the deal, Invensas said. MoSys also retained the rights to offer sublicenses to current and future partners, the companies said.?

"The MoSys patents are very relevant to industry-standard DRAM products that have been shipping from the fabs of our potential licensees," said Simon McElrea, president of Invensas, in a statement. "The MoSys transaction represents an important milestone in our ongoing acquisition program."?

"The combination of the retained license and the non-dilutive source of funding made this transaction very appealing," said Len Perham, MoSys president and CEO.?

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