Samsung settles Rambus case for $979m

By on
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
Tags:

Most Read Articles

You must be a registered member of iTnews to post a comment.
| Register

Poll

New Windows 10 users, are you upgrading from...
Windows 8
Windows 7
Windows XP
Another operating system
Windows Vista
How should the costs of Australia's piracy scheme be split?
Rights holders should foot the whole bill
50/50
ISPs should foot the whole bill
Government should chip in a bit
Other
View poll archive

Whitepapers from our sponsors

What will the stadium of the future look like?
What will the stadium of the future look like?
New technology adoption is pushing enterprise networks to breaking point
New technology adoption is pushing enterprise networks to breaking point
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
Gartner names IBM a 'Leader' for Disaster Recovery as a Service
The next era of business continuity: Are you ready for an always-on world?
The next era of business continuity: Are you ready for an always-on world?

Log In

Username:
Password:
|  Forgot your password?