Intel sells off massive patent portfolio
Intel has sold off a portfolio of over 5,000 patents to a patent management firm.
The deal with IPValue Management covers twenty years of research into microprocessors, application processors, logic devices, computing systems, memory and storage, connectivity and communications, packaging, semiconductor architecture and design, semiconductor manufacturing, and other technologies.
These will be held by Tahoe Research, a newly formed company within the IPValue Management Group, and IPValue will license the Tahoe portfolio to its established and growing network of licensees and will continue to acquire and license portfolios from other world leading enterprises.
Last quarter Intel saw its first major fall in turnover as the result of restructuring and slowing markets.
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IPValue already has semiconductor patent portfolios from Cypress Semiconductor (now part of Infineon), memory firm Elpida, UMC and Seiko Epson.
“We are thrilled to engage in this transaction with Intel, and our team of highly experienced IP professionals is excited to get to work licensing the Tahoe portfolio,” said Keith Wilson, executive vice president of Partnerships and Acquisitions at IPValue. “This initiative reinforces IPValue’s mission to reward and fuel innovation and supports Intel’s freedom to operate goals, enabling Intel to focus more of its time and energy doing what it does best: driving innovations that enable global progress and enrich lives.”
“Intel has an unmatched history of creating technologies that underpin the modern global economy,” said Jin-Ki Kim, Chief Technology Officer at IPValue. “This portfolio greatly expands the array of inventions that we are able to bring to our licensees. Our growing team of scientists and engineers is excited to tackle this opportunity as we expand our business.”
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