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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