Form 8-K - Current report

RAMBUS INC false 0000917273 0000917273 2024-12-09 2024-12-09

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

December 9, 2024

 

 

Rambus Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		000-22339		94-3112828
(State or other jurisdiction of incorporation)		(Commission File Number)		(I. R. S. Employer Identification No.)

4453 North First Street, Suite 100

San Jose, California 95134

(Address of principal executive offices)

[phone]

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class		Trading Symbol		Name of Each Exchange on Which Registered
Common Stock, $.001 Par Value		RMBS		The NASDAQ Stock Market LLC
				(The NASDAQ Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

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Item 1.01. Entry into a Material Definitive Agreement.

Amendment No. 3 to Semiconductor Patent License Agreement

On December 9, 2024 (the “Execution Date”), Rambus Inc. (the “Company”) and Micron Technology, Inc. (“Micron”) entered into an amendment (the “Amendment”) to the Semiconductor Patent License Agreement, dated December 9, 2013, as amended on September 2, 2020 and December 1, 2020 (the “SPLA”), between the Company and Micron. Under the Amendment, the parties agreed to extend the patent license for memory and semiconductor products to 2029 and made modifications to certain other terms under the SPLA.

The foregoing descriptions of the Amendment are qualified in their entirety by reference to the full text of the agreement, which the Company intends to file with the Securities and Exchange Commission as an exhibit to a subsequent periodic report. The Company intends to redact certain confidential portions of the Agreement because such confidential portions are not material and would be competitively harmful if publicly disclosed.

A copy of the press release issued by the Company relating to the matter discussed above is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 - Financial Statements and Exhibits.

(d) Exhibits.

 

99.1		Press release dated December 10, 2024.
104		Cover Page Interactive Date File (formatted as inline XBRL and contained in Exhibit 101)

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: December 10, 2024						Rambus Inc.
						/s/ John Shinn
						John Shinn, Senior Vice President and General Counsel

Exhibit 99.1

 

Rambus and Micron Technology Extend Patent License Agreement

Five-year agreement extends product collaboration and enables broad access to Rambus innovations

SAN JOSE, Calif. – Dec. 10, 2024 – Rambus Inc. (NASDAQ: RMBS), a premier chip and silicon IP provider making data faster and safer, today announced it has extended the term of its comprehensive patent license agreement with Micron Technology, Inc. for an additional five years. The extension maintains the existing licensing terms, providing Micron with broad access to the Rambus patent portfolio through late 2029. Other terms and details are confidential.

“We are very pleased to continue our strategic relationship with Micron,” said Luc Seraphin, president and chief executive officer of Rambus. “This extension enables our continued collaboration, and we look forward to working together to bring further advancements to the industry.”

About Rambus Inc.

Rambus is a provider of industry-leading chips and silicon IP making data faster and safer. With over 30 years of advanced semiconductor experience, we are a pioneer in high-performance memory solutions that solve the bottleneck between memory and processing for data-intensive systems. Whether in the cloud, at the edge or in your hand, real-time and immersive applications depend on data throughput and integrity. Rambus products and innovations deliver the increased bandwidth, capacity and security required to meet the world’s data needs and drive ever-greater end-user experiences. For more information, visit rambus.com.

Source: Rambus Inc.

Contact:

Nicole Noutsios

Rambus Investor Relations

[phone]

[e-mail]

© Rambus Inc.

Document and Entity Information	Dec. 09, 2024
Cover [Abstract]
Entity Registrant Name	RAMBUS INC
Amendment Flag	false
Entity Central Index Key	0000917273
Document Type	8-K
Document Period End Date	Dec. 09, 2024
Entity Incorporation State Country Code	DE
Entity File Number	000-22339
Entity Tax Identification Number	94-3112828
Entity Address, Address Line One	4453 North First Street
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95134
City Area Code	(408)
Local Phone Number	462-8000
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, $.001 Par Value
Trading Symbol	RMBS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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