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 and is now up 0.63 at $8.66. The stock has climbed past the upper end of a 1-month trading range and has set a new high for the year.
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