IR News

Hynix and Toshiba Sign Semiconductor Patent Cross Licensing and Supply Agreements

TOKYO - Toshiba Corporation announced today that Hynix Semiconductor Inc. and Toshiba Corporation have signed patent cross licensing and product supply agreements covering semiconductor technology. Under the agreements, Hynix and Toshiba will be cross licensed to use one another's semiconductor patents.

The agreements settle all pending patent-related litigation between the companies in the U.S. and Japan, including that before the U.S. International Trade Commission.

Mr. Shozo Saito, Corporate Vice President and Executive Vice President of Semiconductor Company, Toshiba Corporation, said, “The signing of the agreements is a positive step for both companies. With litigation behind us, and through these agreements, we can now strengthen our respective businesses.”