SEOUL, July 3 (Yonhap) -- Samsung Electronics Co. and SK hynix Co. -- the world's two largest computer memory chipmakers -- said Wednesday that they have reached an agreement to share patents for chipmaking technologies, wrapping up three-year long negotiations.
Details about the agreement, including the contract's duration and royalty fees, were not revealed, but both of the companies reportedly agreed on a comprehensive cross-licensing deal.
Samsung has 102,995 chipmaking patents, with the comparable figure for SK hynix being 21,422.
Samsung also signed a similar deal with Micron Technology Inc. of the U.S. in 2010, while SK hynix forged a cross-licensing deal with Toshiba Corp. of Japan in 2007.
According to the data compiled by market information provider iSupply, Samsung accounted for 10.5 percent or US$7.77 billion of the global semiconductor market in the first quarter to rank second among the world's major chip makers.
Samsung held on to the top position in the memory chip market in the first quarter with a 33.3 percent share and $4.72 billion in sales, according to the data.
SK hynix ranked second in the first quarter with a 17.4 percent share or $2.47 billion in sales in the memory chip market. Micron Technology Inc. and Toshiba trailed with a 14.4 percent share and a 13.2 percent share, respectively, data showed.
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