Friday, April 7, 2006
M-Systems today said that it has just terminated its December 2003 patent agreement with Korean memory giant Samsung Electronics..
M-Systems alleged that Samsung's failed to abide by its supply commitments under the terms of the agreement.
Under the terms of that agreement, according to msystems, it had granted a license to its patents to Samsung in return for license fees and secured capacity of NAND flash memory at favorable terms. As a result of the termination of the agreement, all licenses granted to Samsung, as well as Samsung's obligation to provide secured capacity and pay license fees to msystems, have expired, according to the company
By: DocMemory
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