Tokyo and Taipei, May 16, 2006
−− Renesas Technology Corp. and Nanya Technology Corp. today announced that both parties have reached a cross-license agreement and a settlement agreement to dismiss the four pending lawsuits filed by Renesas based on claims of patent infringement by Nanya's DRAM products. The specific terms and conditions of the cross-license agreement between the parties including the exchange of patent license rights and financial terms are confidential.
Renesas initiated the patent infringement litigation in December 2003 against Nanya and Nanya Technology Corporation U.S.A. in the United States District Court for the Northern District of California. Three similar lawsuits were filed by Renesas following the litigation, including patent infringement lawsuits and a motion for a preliminary injunction in the Tokyo District Court against Nanya Technology Corporation Japan.
"The dispute between the two companies has a long history, and we are happy with the results and the respect accorded to Renesas' patent portfolio," said Kazuhiro Odawara, general manager of intellectual property division at Renesas Technology Corp. "Renesas is a leading semiconductor company with innovative technology, and it invests significant resources in R&D. This allows Renesas to own a tremendous amount of solid patent portfolio worldwide. Renesas takes the value of intellectual property seriously and continues to leverage its intellectual property as important assets to excel in business. "
"Nanya is pleased with the settlement reached with Renesas and can now continue to focus on expanding its leadership in research and development in the DRAM industry," said Dr. Pei Lin Pai, vice president and spokesmanof Nanya Technology Corp. "The settlement concludes over two years of litigation between the parties and allows Nanya to direct its resources in technology development and service to our customers."About Renesas Technology Corp.
Renesas Technology Corp. is one of the world’s leading semiconductor system solutions providers for mobile, automotive and PC/AV (Audio Visual) markets and the world’s No.1 supplier of microcontrollers. It is also a leading provider of LCD Driver ICs, Smart Card microcontrollers, RF-ICs, High Power Amplifiers, Mixed Signal ICs, System-on-Chip (SoC), System-in-Package (SiP) and more. Established in 2003 as a joint venture between Hitachi, Ltd. (TSE:6501, NYSE:HIT) and Mitsubishi Electric Corporation (TSE:6503), Renesas Technology achieved consolidated revenue of 906 billion JPY in FY2005 (end of March 2006). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in around 20 countries with about 26,200 employees worldwide. For further information, please visit http://www.renesas.com About Nanya Technology Corp.
Nanya Technology Corporation, one member of the Formosa Plastics Group, is a global leader in advanced memory semiconductors and conducts research and development, design, manufactory, and sales of DRAM products. The company currently owns two 200mm fabrications with the capacity of 73k wafers per month implementing 0.11um process technology. Nanya has launched 90nm,70nm and 60nm joint development programs and a 300mm joint venture (Inotera Memories, Inc.) with Infineon Technology AG in December 2002 to remain competitive in the upcoming "nanometer" era. Nanya will build its Fab-3 (300mm) in Taishan, Taiwan, and plan to be in mass production in 4Q, 2007.Nanya aims to become a major global DRAM supplier of quality, capability, and accountability. Welcome to visit us at www.nanya.com