Rambus in License Deal With Advanced Micro

Rambus Inc. said Advanced Micro Devices Inc. would pay $75 million to license its patents. Rambus shares rose 12%.

The five-year contract covers patents used to increase the connection speed of computer chips and in the design of controllers and high-speed memory, Los Altos, Calif.-based Rambus said.

The agreement is a sign that Rambus, after years of court battles, is making progress generating sales to expand its product lines.

Shares of Rambus rose $2.01 to $18.20. Shares of Sunnyvale, Calif.-based Advanced Micro gained $1.80, or 5.9%, to $32.40.