- Quarterhill Inc QTRHF QTRH WiFi Inc subsidiaries, Innovative Storage Solutions Inc. (IMS), North Star Innovations Inc (NSI)and Cetus Technologies Inc have forged a License and Settlement Agreement with Micron Technology, Inc mu.
- The financial terms of the transaction remain secret.
- Micron has been granted a license for patents owned by IMS, NSI and Cetus which generally relate thereto semiconductor memory technologies.
- Also read: Analyst expects Micron to become more expensive with improved DRAM fundamentals
- The agreement also includes the settlement and dismissal of all pending patent litigation with Micron in the US and China.
- WiLAN, a Quarterhill company, is one of the most successful patent monetization companies.
- The drive companies have recently lowered their forecasts for the September quarter significantly due to weaker trends, especially in Asia, where inventory corrections were made are currently in progress.
- Micron had forecast a significant sequential decline and a possible loss for the quarter.
- Price promotion: MU shares traded 2.27% higher at $54.92 on the last check Friday.
© 2022 Benzinga.de. Benzinga does not provide investment advice. All rights reserved.
