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EXHIBIT 10.55

[***] DENOTES CONFIDENTIAL MATERIALS OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A R EQUEST FOR CONFIDENTIAL TREATMENT

Micron NTC CONFIDENTIAL


TECHNOLOGY TRANSFER AND LICENSE AGREEMENT
FOR 68-50nm PROCESS NODES
 
This TECHNOLOGY TRANSFER AND LICENSE AGREEMENT FOR 68-50nm PROCESS NODES (this “ Agreement ”), is made and entered into as of this 21st day of April, 2008 (“ Effective Date ”), by and between Micron Technology, Inc., a Delaware corporation (“ Micron ”), and Nanya Technology Corporation ( Nanya Technology Corporation [Translation from Chinese] ), a company incorporated under the laws of the Republic of China (“ NTC ”).  (Micron and NTC are referred to in this Agreement individually as a “ Party ” and collectively as the “ Parties ”).
 
RECITALS
 
A.           Micron has developed technology for 68nm and 50nm Process Nodes for the manufacture of Stack DRAM Products.
 
B.           NTC desires to have such technology transferred to NTC for its use in the manufacture of Stack DRAM Products, and Micron intends to so transfer such technology to NTC and license NTC thereunder.
 
AGREEMENT
 
NOW, THEREFORE, in consideration of the mutual promises and agreements herein set forth, the Parties, intending to be legally bound, hereby agree as follows.
 
ARTICLE 1
 
DEFINITIONS; CERTAIN INTERPRETATIVE MATTERS
 
1.1            Definitions .
 
Adjusted Revenues ” means[***].
 
Affiliate ” means, with respect to any specified Person, any other Person that directly or indirectly, including through one or more intermediaries, controls, or is controlled by, or is under common control with such specified Person; and the term “ affiliated ” has a meaning correlative to the foregoing.
 
Agreement ” shall have the meaning set forth in the preamble to this Agreement.
 
 
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Micron NTC CONFIDENTIAL

Applicable Law ” means any applicable laws, statutes, rules, regulations, ordinances, orders, codes, arbitration awards, judgments, decrees or other legal requirements of any Governmental Entity.
 
BEOL Costs ” means [***].
 
“Commodity Stack DRAM Products” means Stack DRAM Products for system main memory for computing or Mobile Devices, in each case that are fully compliant with one or more Industry Standard(s).
 
Confidential Information ” means that information described in Section 8.1 deemed to be “Confidential Information” under the Mutual Confidentiality Agreement.
 
Control ” (whether capitalized or not) means the power or authority, whether exercised or not, to direct the business, management and policies of a Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of [***] of the votes entitled to be cast at a meeting of the members, shareholders or other equity holders of such Person or power to control the composition of a majority of the board of directors or like governing body of such Person; and the terms “ controlling ” and “ controlled ” have meanings correlative to the foregoing.
 
DRAM Product ” means any stand-alone semiconductor device that is a dynamic random access memory device and that is designed or developed primarily for the function of storing data, in die, wafer or package form.
 
Effective Date ” shall have the meaning set forth in the preamble to this Agreement.
 
Force Majeure Event ” means the occurrence of an event or circumstance beyond the reasonable control of a Party and includes, without limitation, (a) explosions, fires, flood, earthquakes, catastrophic weather conditions, or other elements of nature or acts of God; (b) acts of war (declared or undeclared), acts of terrorism, insurrection, riots, civil disorders, rebellion or sabotage; (c) acts of federal, state, local or foreign Governmental Entity; (d) labor disputes, lockouts, strikes or other industrial action, whether direct or indirect and whether lawful or unlawful; (e) failures or fluctuations in electrical power or telecommunications service or equipment; and (f) delays caused by the other Party or third-party nonperformance (except for delays caused by a Party’s Contractors, subcontractors or agents).
 
Foundry Customer ” means a Third Party customer for Stack DRAM Products [***].
 
Foundry Customer Adjusted Revenues ” means [***].
 
Foundry Customer Products ” means [***].
 
 
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Micron NTC CONFIDENTIAL

Governmental Entity ” means any governmental authority or entity, including any agency, board, bureau, commission, court, municipality, department, subdivision or instrumentality thereof, or any arbitrator or arbitration panel.
 
Gross Revenues ” means, [***].
 
“Industry Standard” means the documented technical specifications that set forth the pertinent technical and operating characteristics of a DRAM Product if such specifications are publicly available for use by DRAM manufacturers, and if [***].
 
IP Rights ” means copyrights, rights in trade secrets, Mask Work Rights and pending applications or registrations of any of the foregoing anywhere in the world.  The term “IP Rights” does not include any Patent Rights or rights in trademarks.
 
Mask Work Rights " means rights under the United States Semiconductor Chip Protection Act of 1984, as amended from time to time, or under any similar equivalent laws in countries other than the United States.
 
“Micron ” shall have the meaning set forth in the preamble to this Agreement.
 
Micron IP Royalties ” mean [***].
 
“Mobile Device” means a handheld or portable device using as its main memory one or more Stack DRAM Products that is/are compliant with an Industry Standard and [***].
 
NTC Products ” means [***].
 
NTC Qualified Fab ” means [***].
 
Patent Rights ” means all rights associated with any and all issued and unexpired patents and pending patent applications in any country in the world, together with any and all divisionals, continuations, continuations-in-part, reissues, reexaminations, extensions, foreign counterparts or equivalents of any of the foregoing, wherever and whenever existing.
 
Probe Testing ” means testing, using a wafer test program as set forth in the applicable specifications, of a wafer that has completed all processing steps deemed necessary to complete the creation of the desired Stack DRAM integrated circuits in the die on such wafer, the purpose of which test is to determine how many and which of the die meet the applicable criteria for such die set forth in th
 

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