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Netlist and SK hynix reach patent and technology agreement
Netlist and SK hynix have reached an agreement for a patent cross license covering memory technologies of both companies and an agreement for the supply of SK hynix products and technical cooperation on Netlist's CXL HybriDIMM technology.
"We are delighted with the recognition of the value of Netlist's intellectual property and very much look forward to partnering with SK hynix, a global leader in memory and storage technology," says C.K. Hong, Netlist's Chief Executive Officer in a press release.
The agreements provide SK hynix with access to Netlist's portfolio of U.S. and foreign patents. Netlist will receive a royalty from SK hynix, a cross license to SK hynix's patent portfolio and supply of SK hynix's memory and storage products. The companies also plan to collaborate on Netlist's HD CXL technology for future commercialisation.
At the same time, Netlist and SK hynix have agreed to end all pending matters in the US.
