SanDisk and Toshiba Take Exclusive License to Intellectual Property in Memory Technology Developed With Intermolecular
SAN JOSE, Calif., May 19, 2014 -- Intermolecular, Inc. (IMI)—accelerating research and development for semiconductor and clean energy industries— today announced that SanDisk and Toshiba have jointly elected to take an exclusive license, in a limited field, to Intermolecular's rights in the intellectual property developed under the collaborative development program (CDP) and Intermolecular's background intellectual property thereto. The related technologies have been developed for next-generation memory. The companies' CDP with Intermolecular, specifically aimed at developing certain memory products, materials, processes and device technologies, was concluded on March 15, 2014. Under the terms of the exclusive license, SanDisk and Toshiba will prepay non-refundable royalties in quarterly installments over a predetermined period.
- Published: 19 May 2014
- Written by Editor