KOREAN ELECTRONICS GIANT Samsung has raised a white flag and agreed to pay $900 million to make Rambus lawyers go away.
The money will be paid in installments over the next five years and is only part of a deal to settle some high-profile litigation focusing on memory chip technologies.
Samsung will pay a hefty $200 million now and $25 million each quarter for five years. In addition, the company will buy $200 million of newly minted Rambus stock and there will also be a new technology collaboration between the two outfits.
Samsung said the settlement won't have a significant effect on its earnings because it had already known that there was trouble ahead with its case and set aside provisions.
The two sides seem to have made the best of it in settling their differences. The partnership deal might prove fairly fruitful as it will combine Samsung's memory technologies with Rambus' ideas in high performance memory interfaces.
The two companies will initially focus on graphics and mobile memory solutions and will further review a potential collaboration on server and high-speed NAND Flash memories. µ
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