Wi-LAN Completes Sale of Technology Development Division to Fujitsu Microelectronics America; Final Agreement Reflects Wi-LAN's Transition into a Licensing Company
CALGARY, ALBERTA May 30, 2006 -- Wi-LAN Inc. ("Wi-LAN" or "the Company") today announced that it has completed the sale of its technology development division to Fujitsu Microelectronics of America, Inc. ("FMA"), for cash proceeds of $2M USD, as per the terms of the Letter of Intent announced on March 20, 2006 as well as other financial considerations. Additional royalties per unit would apply once a certain number of semiconductor units are produced. Wi-LAN has agreed to sell its entire technology development division; this includes the contracts for all of Wi-LAN's technology development staff, and all 802.16d-like standards-based MAC and PHY technologies. In addition, FMA purchases a license to Wi-LAN's patent portfolio for 802.16d-like products and services, which includes OFDM and MAC licenses. The agreement closed Wednesday, May 25.
Wi-LAN has not sold any of its patents as a result of this transaction.
"Closing this deal with FMA is the last internal milestone in the transformation of Wi-LAN into a pure patent licensing company", said Dr. Hatim Zaghloul, Chairman of the board of directors of Wi-LAN. "Wi-LAN can now build on the recent addition of James Skippen as CEO, and the filed lawsuit against D-Link Canada, to license and protect its portfolio of key communications patents. This agreement is not only a sale agreement; it is a license agreement with future royalties at the same time."
"We have collaborated with Wi-LAN since 2002 as we have together advanced WiMAX technology. We are pleased to continue working with Wi-LAN's talented engineering team and wish Wi-LAN success as the company moves to its new business model," said Kazuyuki Kawauchi, president and CEO of Fujitsu Microelectronics America.
FMA has already hired the vast majority of Wi-LAN's technology development staff effective May 1.
This agreement supersedes all prior agreements between the two companies.
About Wi-LAN Inc.
Wi-LAN holds a varied portfolio of essential patents in large, existing and emerging industries: CDMA2000, WiFi and WiMAX. Wi-LAN has licensed its patents to a few companies. Wi-LAN is a charter member of the WiMAX Forum (www.wimaxforum.org).
Related Semiconductor IP
- Simulation VIP for Ethernet UEC
- Bluetooth® Low Energy 6.2 PHY IP with Channel Sounding
- Simulation VIP for UALink
- General use, integer-N 4GHz Hybrid Phase Locked Loop on TSMC 28HPC
- JPEG XL Encoder
Related News
- Qualitas Semiconductor Enters into Landmark the World's 1st 2nm MIPI DCPHY Licensing Agreement with Leading U.S. Fabless Company
- Qualitas Semiconductor Signs Licensing Agreement with Chinese SoC Company for DSI-2 Controller and MIPI PHY IP
- JFE Shoji Electronics Signs Sales Agent Agreement with Andes Technology
- Qualitas Semiconductor entered into IP Licensing Agreement with a Leading Korean System Semiconductor Design Company
Latest News
- Mixel MIPI IP Integrated into Automotive Radar Processors Supporting Safety-critical Applications
- GlobalFoundries and Navitas Semiconductor Partner to Accelerate U.S. GaN Technology and Manufacturing for AI Datacenters and Critical Power Applications
- VLSI EXPERT selects Innatera Spiking Neural Processors to build industry-led neuromorphic talent pool
- SkyWater Technology and Silicon Quantum Computing Team to Advance Hybrid Quantum-Classical Computing
- Dnotitia Revolutionizes AI Storage at SC25: New VDPU Accelerator Delivers Up to 9x Performance Boost