Samsung Settles With Rambus for $900 Million
Samsung to fork over $900 million to Rambus to put memory patent woes to rest.
Rambus has emerged victorious from another legal patent-laced battle. The memory company announced with Samsung that the two had reached a settlement agreement and a forward-going license.
As part of the overall agreement, Samsung will initially pay Rambus $200 million as well as invest another $200 million in Rambus stock. Over the next five years, Samsung will have to pay Rambus about $100 million per year, split into quarterly payments.
In addition, the companies also signed a memorandum of understanding (MOU) to work on a new generation of memory technologies that will focus on graphics and mobile memory solutions and will further review a potential collaboration on server and high-speed NAND Flash memories.
"We have a tremendous opportunity to renew a partnership which has created solutions that have benefited consumers worldwide," said Harold Hughes, President and CEO 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."
Rambus settled a patent license agreement with memory maker Hynix last year.