Tokyo, Japan / Newport Beach, CA – August 24, 2010 – Renesas Electronics Corporation (TSE: 6723) and Acacia Research Corporation (Nasdaq: ACTG) announced today that Renesas Electronics, a premiere supplier of advanced semiconductor solutions, and Acacia, a leader in patent licensing, have entered into a strategic patent licensing alliance. Pursuant to this relationship, those patents selected by Acacia and Renesas Electronics from Renesas Electronics' portfolio of over 40,000 patents and patent applications will be assigned to Acacia for patent licensing.
“In today's new paradigm of intellectual property where patent transactions are a part of everyday business, patent licensing has become increasingly important. In the meantime, it is important for Renesas Electronics to protect its own customers in the marketplace,” said Hironori Seki, General Manager of Intellectual Property Division of Renesas Electronics Corporation. “After thoroughly evaluating all of our various options for this essential aspect of our business, we chose an alliance with Acacia, the leading patent licensing company.”
“We are honored to have been selected to license the patents of Renesas Electronics, the world's third largest semiconductor company by revenue,” commented Paul Ryan, Acacia's Chairman and CEO. “This alliance with Renesas Electronics is part of our company's mission to help patent holders worldwide realize fair value from their investment in research and development. Our licensing success helps support future R&D by patent holders for the benefit of their customers.”
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premiere supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad-range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in 20 countries worldwide. More information can be found at www.renesas.com.
About Acacia Research Corporation
Acacia Research's subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research's subsidiaries control over 150 patent portfolios, covering technologies used in a wide variety of industries.
Information about Acacia Research is available at www.acaciatechnologies.com and www.acaciaresearch.com.