Rambus Inc. (NASDAQ: RMBS) shares soared in trading
on Friday after the Los Altos, California-based company announced that it
signed a patent license agreement with Broadcom Corporation (NASDAQ: BRCM). The
agreement covers the use of Rambus’ patented innovations in a broad range of
integrated circuit products offered by Broadcom.
Rambus shares rose to an intra-day high of $8.71 on
Friday. The stock ended the day more than 12% higher on above average volume.
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