Wednesday, January 20, 2010
Samsung Electronics will pay abut $900 million over five years to license technology from Rambus Inc. under the terms an agreement that settles all litigation between the two companies.
Samsung will pay Rambus an initial payment of $200 million plus about $25 million per quarter over the next five years to license Rambus' patent portfolio, including a perpetual fully paid-up license to certain current DRAM products, the companies said.
The quarterly payment is fixed at $25 million per quarter through 2010, said Sharon Holt, senior vice president of licensing and marketing at Rambus. Starting in 2011 the quarterly payment becomes variable and could go up or down based on Samsung's sales, Holt said.
The companies also announced that they will work together on a new generation of memory technologies, initially focusing on graphics and mobile memory solutions. They said they would also review a potential collaboration on server and high-speed NAND flash memories.
Harold Hughes, Rambus president and CEO, said Rambus employees are very excited about the prospect of working together with Samsung, which he called the world's premier memory technology company.
By: DocMemory
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