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 Patent News |
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| Subject : Samsung Electronics Buys Rambus’ Patent License for $700 Million |
| Date |
2010-01-29 |
Visit |
4644 |
Samsung Electronics, the world’s largest memory-chip maker, signed a contract with Rambus, a US-based technology licensing company, to drop all legal suits over memory-chip technology.
Samsung agreed to pay $700 million to Rambus for next five years for buying licenses of Rambus’s patented technology for Samsung’s entire semiconductor products, the electronics company said Wednesday.
Samsung Electronics’ board of directors approved the deal in its meeting held on January 19.
Under the deal, Samsung will pay $200 million in advance and pay $25 million every quarter for next five years.
The two companies agreed to end all legal claims over patents.
Samsung also agreed to buy Rambus’ new stocks for $200 million.
Samsung and Rambus, agreed to build a firm partnership by putting an end to clash for patent infringement, are anticipating a good synergy in the semiconductor industry.
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