Samsung settles Rambus case for $979m

 

Long running case settled out of court.

Samsung has settled its long-running patent dispute with chip designer Rambus for US$900 million ($979 million).

Under the terms of the deal, announced today, Samsung will invest US$200 million in Rambus stock, make an interim payment of US$200 million and pay US$25 million a quarter for the next five years.

In return Rambus is dropping its legal action against Samsung and licence the company to use some of its DRAM designs.

"We have a tremendous opportunity to renew a partnership which has created solutions that have benefited consumers worldwide," said Harold Hughes, president of Rambus.

"Bringing together Samsung's market and technology leadership with our innovations for high-performance and high-efficiency memory architectures will make possible an exciting new generation of mobile, computing and consumer electronics products."

The two companies also signed a memorandum of understanding for Samsung to licence Rambus’ chip designs for new graphics and mobile memory and may also collaborate on server and high-speed NAND Flash memories in the future.

The settlement leaves Rambus free to concentrate on its current patent disputes with Micron Technology and Hynix Semiconductor, the former of which is giving the company problems.

Copyright ©v3.co.uk


Samsung settles Rambus case for $979m
 
 
 
Top Stories
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Sending in the drones
Margins are getting tighter in the industrial services industry, so Transfield Services' Stephen Phillips looks offshore - and to the skies - for the solutions he needs to keep pace.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  43%
 
No
  57%
TOTAL VOTES: 543

Vote