Crocus Acquires NXP Semiconductor's MRAM Patent Portfolio

Crocus announced that they acquired NXP Semiconductor's MRAM patent portfolio - which includes fundamental MRAM intellectual property rights in multiple geographies worldwide, including North America, Europe and Asia.

Crocus now holds over 100 issued and pending patents related to the magnetic semiconductor technology covering magnetic materials, devices, and design and product technology.

Crocus recently announced a $125 million investment by RUSNANO. They said that this investment will be used to build an MRAM chip fab in Russia, and now we hear that Crocus is also using their money to bolster their IP portfolio.

Posted: Aug 31,2011 by Ron Mertens