Micron and Intellectual Ventures Sign Intellectual Property License Agreement

Micron Technology MU and Intellectual Ventures announced today that they have entered into an intellectual property license agreement. The agreement provides Micron with access to IV's patent portfolio of more than 30,000 IP assets. In addition, the companies have the option to buy patents from each other. Micron can acquire patents from IV to help defend against companies that may assert patents against them, and IV has the opportunity to acquire patents from Micron to expand and supplement its growing portfolio of IP assets. "Building on Micron's extensive patent portfolio, this transaction provides Micron strategic access to IV's substantial patent portfolio to help drive future innovation and continued expansion of our award-winning products and leading-edge technologies in addition to opportunities to advance our intellectual property strategies," said Rod Lewis, Micron's vice president of legal affairs and general counsel.