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 is now up 0.67 on 43K shares.
Rambus gapped open slightly lower Tuesday, but traded in a range for the bulk of the session. The stock finished down by 0.18 at $8.03.
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