Netlist and Samsung Settle Pending Litigation, Sign Five-Year Patent and Memory Agreements

According to an IT Home report citing Netlist, Samsung Electronics agreed to resolve and dismiss all pending litigation between the companies. They also entered a five-year portfolio cross-license, memory supply agreement, and technology cooperation arrangement. Samsung will receive access to Netlist’s patent portfolio, including technologies covering server DIMMs and HBM, supply DRAM and NAND products to Netlist, and purchase 10 million shares of Netlist common stock. Financial terms, the share purchase price, and detailed technical commitments were not disclosed in the supplied report.