Thursday, July 27, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter Struggles to Attract New Users
Panasonic Technology Detects and Predicts a Driver's Level of Drowsiness
HTC U11 Takes Amazon Alexa On the Go
Samsung Electronics Reports Record Profit, Expects High Chip Demand
LG Electronics Reports Second Quarter Profit Although Its Mobile Business is Still Slow
HTC VIVE Develops Premium Standalone VR Headset for the China Market
Microsoft pays up to $250,000 for Windows 10 bugs
Foxconn Announces U.S. Manufacturing Plant in Wisconsin
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 08, 2009
Samsung to Pay Spansion $70 Million in Cash


Spansion has settled its patent litigation lawsuits with Samsung and as part of the settlement, Samsung will pay Spansion $70 million and Spansion and Samsung have exchanged rights in their patent portfolios in the form of licenses and covenants subject to a confidential settlement agreement.

The settlement ends the patent disputes between the two companies and is a significant step forward in Spansion's reorganization process.

"Spansion is a technology innovator in Flash memory with valuable IP and this agreement is a significant milestone in the company's strategy to further develop its IP licensing business," said John Kispert, Spansion President and CEO. "In addition, the agreement strengthens our cash position to help Spansion emerge from the Chapter 11 process a stronger and more focused company."

Flash memory, which retains data in devices when the power is turned off, is found in virtually all electronic devices, forms the foundation of the world's mp3 players, cell phones, digital cameras and other consumer electronic devices and is one of the largest segments of the semiconductor industry, with over $130 billion in total revenues since 2000, according to data from Worldwide Semiconductor Trade Statistics, Inc.

Due to Spansion's recent Chapter 11 filing, the agreement is subject to approval by the bankruptcy court. The agreement is contingent upon the dismissal of the claims and the satisfaction of certain conditions including bankruptcy court approval.

In November 2008, Spansion filed two separate patent infringement complaints against Samsung with the International Trade Commission and in the U.S. District Court in Delaware. As part of the complaints, Spansion was seeking the exclusion from the U.S. market of mp3 players, cell phones, digital cameras and other consumer electronic devices containing Samsung's flash memory components. The complaint in the U.S. District Court in Delaware also sought an injunction and treble damages based on Samsung's sale of flash memory. Samsung counterclaimed in the District Court against Spansion for infringement of its own patents seeking damages and an injunction. On January 28, 2009, Samsung filed a patent infringement complaint in Japan against Spansion Japan Limited seeking both injunctive relief and damages for based upon Japanese patents owned by Samsung. Each of these actions is to be dismissed pursuant to the settlement agreement with neither side admitting liability.


Previous
Next
Apple Updates Xserve with Twice the Performance        All News        Rambus Acquires Mobile Memory Patents
Microsoft Security Intelligence Report Shows Rogue Security Software a Top Threat to Internet Users     General Computing News      Yahoo Opens its Doors to iTunes, Amazon.com, Last.fm, Rhapsody, Pandora and Others

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Electronics Reports Record Profit, Expects High Chip Demand
Samsung Galaxy J3 and J7 are now Unlocked
Samsung Galaxy Note 8 to debut on Aug. 23
Samsung Pay Gets Paypal Support
Samsung Debuts First Cinema LED Display
Samsung Galaxy A7 Smartphone Released
Samsung and TSMC Are Playing Catch-up to Make the Smallest Chip
Samsung and LG Benefit From High OLED Demand but Strategy Shifts May be Required
Memory Prices Boost Samsung's Record Q2 Profit, Plans Smart Speaker
Samsung releases Rose Pink Edition of the Galaxy S8+
Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
Samsung Foundry Focuses on 6nm Process to Beat TSMC

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .