Nanya and Intellectual Ventures Sign Intellectual Property License Agreement

TAOYUAN, Taiwan and BELLEVUE, Wash., Dec. 1, 2011 /PRNewswire/ -- Nanya Technology Corporation and Intellectual Ventures (IV®) announced today that they have entered into an intellectual property license agreement.

The agreement provides Nanya with a license to segments of IV's extensive patent portfolio, which includes more than 35,000 IP assets in more than 50 technology areas. Nanya also gains membership in IV's IP-for-Defense program. For customers accused of patent infringement, IV's IP-for-Defense program provides them with the ability to obtain patents from IV's portfolio to support counter-assertion, enabling more efficient negotiations in order to reduce liabilities and achieve favorable licensing terms. Nanya joins other Intellectual Ventures customers in the semiconductor memory industry. As a result of the agreement and membership in IV's IP-for-Defense program, the current ITC dispute between IV and Nanya has been amicably resolved to their mutual benefit.

"This transaction, while building on our existing patent portfolio, provides Nanya with access to IV's substantial patent portfolio. The collaboration enhances the IP strategies available to Nanya and assists the company's goal of expanding the future innovation and continued development of our products," said Dr. Pei Lin Pai, Nanya's vice president of sales and marketing.

"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."

Intellectual Ventures engages with companies of all sizes to meet their current business needs and provide strategic guidance on forward-thinking intellectual property. IV combines scale and expertise to structure sophisticated deals designed to help companies strengthen their market position by reducing their current risk and providing access to the invention rights they need to stay competitive. Collaborating with Intellectual Ventures helps Nanya protect its core business so it can focus on innovation.

About Nanya Technology Corporation

Nanya Technology Corporation, a member of the Formosa Plastics Group, is a global leader in advanced memory semiconductors, focusing on research and development, design, manufacturing, and sales of DRAM products. NTC's common stock is traded on the Taiwan Stock Exchange Corporation (TSEC) under the 2408 symbol. The company currently owns one 200mm fabrication facility and one 300mm fabrication facility in Taiwan. The company also has a 300mm joint venture, Inotera Memories, Inc., which operates two 300mm fabrication facilities in Taiwan. Further information is available at www.nanya.com.

About Intellectual Ventures

Founded in 2000, Intellectual Ventures (IV) is the global leader in the business of invention. IV collaborates with leading inventors, partners with pioneering companies, and invests both expertise and capital in the process of invention. IV's mission is to energize and streamline an invention economy that will drive innovation around the world. www.intellectualventures.com

Intellectual Ventures and IV are registered trademarks of Intellectual Ventures Management, LLC (IV).  All other trademarks are the property of their respective owners.

SOURCE Intellectual Ventures