Mosaid Technologies and Hynix of Korea Sign MOU

Mosaid Technologies Inc. of Ottawa announced that it has signed a Memorandum of Understanding (MOU) with Hynix Semiconductor Inc. of Korea. Mosaid is an intellectual property company that develops semiconductor memory technology and licenses patented intellectual property in the areas of semiconductors and telecommunications systems. Hynix is a semiconductor memory manufacturer. The MOU calls for Hynix to take a six-year license to Mosaid’s patents, with fixed equal quarterly payments over the term.