|
Date: 21st Jan 2010
Samsung and Rambus settle their patent
related disputes and claims
Samsung Electronics and Rambus have signed a comprehensive
agreement to settle all claims between them. As part of
the overall agreement, Samsung will invest $200M in Rambus
stock. Other consideration to Rambus includes an initial
payment of $200M and a quarterly payment of about $25M for
the next five years.
In addition, Samsung and Rambus have signed a memorandum
of understanding (MOU) relating to a new generation of memory
technologies. The two companies will initially 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."
|