IV Signs Nanya Technology Corporation as Latest Customer
December 1, 2011
December 1, 2011
We just announced that Nanya Technology Corporation is our newest licensing customer, joining some of the world’s leading semiconductor memory companies among our growing list of customers, including Samsung and Micron. Today’s deal provides Nanya with a license to segments of IV’s extensive patent portfolio, which includes more than 35,000 assets in more than 50 technology sectors. As a result of the agreement, the current ITC dispute between the parties has been amicably resolved to their mutual benefit.
“IV is proud to collaborate with Nanya, a bold and innovative leader in its industry,” said Don Merino, vice president and general manager, Asia licensing sales at Intellectual Ventures. “The breadth of our agreement with Nanya once again validates the strength of our patent portfolio and demonstrates the many ways that IV brings value to the world’s leading technology companies.”
The agreement also provides Nanya with membership to IV’s IP-For-Defense program to defend itself from potential litigation, enabling more efficient negotiations to reduce liabilities and achieve favorable licensing terms. In increasingly crowded markets like the semiconductor memory sector, IV can help companies like Nanya efficiently access the IP rights they need to stay competitive.
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