That'll do nicely
Korean technology giant Samsung has decided the better part of valour is discretion and decided to settle out of court with US, litigation-happy memory interface licensing company Rambus.
The settlement is costing Samsung a grand total of $900 million, which is comprised of a $200 million upfront payment, quarterly payments of $25 million over the next five years, and the investment of $200 million in Rambus stock. For that it gets the license to use certain Rambus patents.
The two companies have also signed a memorandum of understanding to develop a new generation of memory technologies together. They will initially focus on graphics and mobile memory solutions, but have plans to have a go at and high-speed NAND Flash memories too.
"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."
The absence of a corresponding quote from Samsung in the press release suggests its execs are less ecstatic about the settlement.
