Patent licensing company Wi-LAN Inc, a Quarterhill Inc. company, said it entered a new seven‑year intellectual property framework agreement with Taiwan Semiconductor Manufacturing Company Ltd (TSMC), the world’s leading semiconductor foundry.
“The new framework agreement grants TSMC certain rights under semiconductor process technology patents currently owned by WiLAN,” said Wi-LAN.
“The agreement also establishes an annual subscription basis for TSMC to obtain rights to certain future semiconductor process technology patents acquired by WiLAN.
“The framework further includes patent assignments to TSMC based on a mutually agreed selection process.”
WiLAN Chief Operating Officer Michael Vladescu said: “This is a new type of transaction for WiLAN which is not only structured based on portfolios we own today but also includes a framework for future acquired portfolios.
“We hope this represents a mutually beneficial way to handle the business of patent licensing which we can apply in other situations.”
This agreement is separate from the agreement announced by WiLAN on April 1, 2016, regarding the Polaris Innovations Limited portfolio, which remains in place.
All other terms of the agreement are confidential.