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March 31, 2008 |
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HYNIX SEMICONDUCTOR: Loses Antitrust & Fraud Case to Rambus Rambus Inc. disclosed that the jury in the case involving Hynix Semiconductor, Micron Technologies, and Nanya Technology Corporation has found in favor of Rambus. The jury determined that Rambus acted properly while a member of the standard- setting organization JEDEC during its participating in the early 1990s, finding that the memory manufacturers did not meet their burden of proving antitrust and fraud claims. This verdict should complete the case involving Hynix. Hynix was found by a previous jury in April 2006 to infringe a variety of Rambus patents. In that phase of trial, Rambus was awarded US$133.6M in damages. "This ruling should put to rest a series of ongoing allegations Rambus has endured for many years," said Tom Lavelle, senior vice president and general counsel at Rambus. "Our business is to license our revolutionary technology to the industry for fair compensation. We are pleased to have this decision behind us as we continue to engage with the industry to deliver compelling products to the market." The case with Hynix was originally filed by Hynix against Rambus in August 2000. The Honorable Ronald Whyte split the case into three separate phases with Rambus now prevailing in all three phases. Cases are still pending against Hynix, Nanya, Micron and Samsung in the Northern District of California, and with Micron in the District of Delaware. About Rambus Inc. Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed memory architectures. Since its founding in 1990, the Company's patented innovations, breakthrough technologies and renowned integration expertise have helped industry-leading chip and system companies bring superior products to market. Rambus' technology and products solve customers' most complex chip and system-level interface challenges enabling unprecedented performance in computing, communications and consumer electronics applications. Rambus licenses both its world-class patent portfolio as well as its family of leadership and industry-standard interface products. Headquartered in Los Altos, California, Rambus has regional offices in North Carolina, India, Germany, Japan, Korea and Taiwan. About Hynix Semiconductor Headquartered in Echon, South Korea, Hynix Semiconductor Inc. -- http://www.hynix.com/ -- is a semiconductor manufacturer. Through a merger with LG Semiconductor in 1999, Hynix Semiconductor now has the world's largest dynamic random access memory chip production capacity as well as the industry's best technical development capacity by fully exploiting synergies resulting from the historical integration of both companies. The company has operations in Russia, and the United States. * * * The Troubled Company Reporter-Asia Pacific reported on June 19, 2007, that Moody's Investors Service upgraded to Ba2 from Ba3 Hynix Semiconductor Inc's senior unsecured bond rating and corporate family rating. At the same time, Moody's assigned a Ba2 senior unsecured bond rating for Hynix's proposed US$500 million issuance. Moody's said the outlook for the ratings is stable. |
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