Member access

4-Traders Homepage  >  Shares  >  KOREA EXCHANGE  >  SK Hynix Inc    000660   KR7000660001

SK HYNIX INC

 (000660)

0
SummaryNewsCalendarCompanyFinancialsConsensusRevisionsForum 

SK Hynix: US Court Imposes Sanctions on Rambus in Patent Dispute

09/23/2012| 12:00am US/Eastern
Recommend:
0
   By Kyong-Ae Choi 
 

SEOUL--SK Hynix Inc. (>> SK Hynix Inc), the world's second-largest memory-chip maker by sales, said Sunday a U.S court imposed sanctions against Rambus Inc. (>> Rambus Inc.) in a patent dispute on dynamic random access memory chips that started in August 2000.

A Californian court reversed its existing stance and said that Rambus illegally destroyed evidence regarding the patent-infringement case.

The court's decision suggests that SK Hynix would likely pay a lower compensation to the U.S. company than the $397 million ordered by the court in March 2009.

The state's northern district court has ordered the two companies to submit proposals on "reasonable and non-discriminatory" royalties that SK Hynix should pay to Rambus by the end of October, the South Korean company said in a statement.

"We expect to pay less royalty to Rambus as the reasonable and non-discriminatory level will be decided based on the royalty terms paid to Rambus by Infineon Technologies, Elpida Memory and Samsung Electronics," said the statement.

Write to Kyong-Ae Choi at kyong-ae.choi@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : SK Hynix Inc, Rambus Inc.
Recommend :
0
Partner Area
React to this article
 
Latest news on SK HYNIX INC
05/16 A stretched Samsung chases rival Apple's suppliers
05/09DJRAMBUS: Court Validates Patent Rulings vs. SK Hynix, Sets Sanction
05/09DJRAMBUS: Court Validates Patent Rulings vs. SK Hynix, Sets Sanction
04/25DJSK HYNIX INC: S Korea Government Disposes of 0.63% Stake in SK Hynix - Source
04/24DJSK Hynix Swings to Profit, Expects Shipments to Rise in Second Quarter
04/23DJSK Hynix Returns to Profit on Higher Prices
04/23DJSK Hynix Returns to Profit on Higher Chip Prices
03/29DJMARKET COMMENT: Kospi Ends +0.6% On Foreign Buying
03/27DJMARKET COMMENT: Kospi Off 0.1%; Techs Down, Steel Cos Up
03/19DJMARKET COMMENT: Kospi Ends Up 0.5%; 1970-1985 Tipped Wednesday
Advertisement
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.