Micron, IV Strike Deal
Intellectual Ventures, the Bellevue, WA-based patent firm started by former Microsoft CTO Nathan Myhrvold, is announcing a new two-way intellectual property deal with Boise, ID-based semiconductor maker Micron Technology (NASDAQ:MU).
Like many licensing deals we see from Intellectual Ventures, this one gives Micron access to IV’s portfolio of “more than 30,000″ patents. The second element of the deal is an ongoing arrangement for the firms to buy patents from each other.
In a joint release, the companies said their deal “helps Micron protect its core business so it can focus on innovation.” Financial terms were not disclosed.