Rambus Inc. (RMBS) announced after the close Tuesday that it signed a five-year patent license agreement with SK Hynix for the use of Rambus memory-related patented innovations in SK Hynix semiconductor products. The companies have also settled all outstanding claims.
Rambus gapped open higher Wednesday, but was range-bound for the majority of the session. The stock closed up by 0.52 at $8.55 on above average volume and climbed to a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.