Chip Designs Sample Clauses

Chip Designs. The Parties are not obligated to exchange any updates to the Specific Results after the Project Term.

Chip Designs. 3.1.1 The Parties agree to commence joint development activities for 300mm Wafer 45nm Bulk CMOS semiconductor manufacturing process technologies based on "SF" Bulk CMOS technology roadmap for the base process, the high performance process, and the low power process that are generally competitive in complexity, schedule, and performance as set forth as "Strategic Technology Objectives" in Exhibit A2 (hereinafter referred to as "Strategic Goals"), with the goal of agreeing on such Strategic Goals by *****. Such joint development activities shall include feasibility studies and other analyses as mutually agreed by the Management Committee to further refine the Strategic Goals. If the Parties do not agree on such Strategic Goals (as well as a development schedule) by *****, pursuant to this Section 3.1.1, IFX and/or Chartered shall have the right to develop 45nm Bulk CMOS with a Joint Development Partner pursuant to Section 7.10. For the avoidance of doubt, all of the activities under this Agreement conducted prior to ***** that are directed to 45nm Bulk CMOS shall be treated as part of the "300mm Wafer 65nm Bulk CMOS Process Development Project," and subject to all of the rights and restrictions applicable to such 65nm Bulk CMOS Process Development Project, in the event the Parties do not continue such 45nm Bulk CMOS project after *****; provided, however, that nothing in this Agreement shall be interpreted as requiring such agreement, and a lack of such agreement shall not be considered a breach. Further, for the avoidance of doubt, nothing in this Agreement shall be interpreted as preventing two of the Parties to continue 45nm Bulk CMOS development should they agree with the Strategic Goals and should the third Party not wish to continue beyond *****. Should the Parties agree to continue the 300mm Wafer 45nm Bulk CMOS Process Development Project after *****, all of the activities under this Agreement directed to 45nm Bulk CMOS prior to such date (as well as thereafter) shall be considered to be part of the 300mm Wafer 45nm Bulk CMOS Process Development Project, and any modification to such Strategic Goals or such agreed-to development schedule requires the written consent of the Management Committee. If the Management Committee fails to agree, any Party may escalate such failure to agree through the procedures set forth in Section 18.3. If, after such escalation, the Parties are still unable to agree, such modification will not be made, and the Parties will...

Chip Designs. 3.1.1 During xxxxx the Parties agree to discuss the extension of their joint development relationship to the 45nm Bulk CMOS process (and other options as determined by the needs of the foundry marketplace). Either Party may decide not to proceed EXECUTION DRAFT November 26, 2002 with such discussions and/or extension agreement and any failure to discuss and/or agree shall not constitute a breach of this Agreement. If the Parties proceed with discussions and agree to an extension, such extension shall be set forth in a signed amendment to this Agreement, or a new agreement as the Parties deem appropriate. If the Parties do not agree on an extension by xxxxx, pursuant to this Section 3.1.1, Chartered shall have the right to develop Future Technologies with a Chartered Joint Development Partner pursuant to Section 7.11.