Micron enters $600 million settlement of Netlist patent dispute
Micron enters $600 million settlement of Netlist patent dispute By Blake Brittain
Oct 6 (Reuters) - Computer-memory company Netlist NLST.PK announced on Tuesday that Micron MU.O would pay $600 million to settle a patent dispute over Micron's memory chips.
Netlist said in a statement that Micron would pay $30 million per quarter for a five-year license to Netlist's patent portfolio that includes its "high bandwidth memory" technology
Netlist won a $445 million patent infringement verdict against Micron in Marshall, Texas, federal court in 2024
Netlist filed a new infringement complaint against Micron at the US International Trade Commission in September seeking to block imports of Micron chips used in Google GOOGL.O, Nvidia NVDA.O and Broadcom AVGO.O products for AI computing
"The agreement with Micron further validates the value of our AI memory technologies," Netlist CEO C.K. Hong said in a statement. "We remain committed to protecting our IP while continuing to invest in the development of next-generation products"
Spokespeople for Micron did not immediately respond to a request for comment on the agreement
Netlist settled a separate memory-patent dispute with Samsung in August after winning $421 million in patent verdicts against the South Korean tech giant in Texas
(Reporting by Blake Brittain in Washington; Editing by Mark Porter)
((blake.brittain@tr.com; +1 (202) 938-5713))
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