Monday, September 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Foundry Tapes Out eMRAM Test Chip Based on 28nm FD-SOI Process
8th Generation Intel Core "Coffee Lake" Desktop Processors are Launching today
Showa Denko Starts Shipments of 2.5-Inch 1 TB HD Media
Russian Firm Unveils 'surveillance-proof' Smartphone
Intel Kills Project Alloy VR Headset
New 4K Apple TV will Only Stream iTunes 4K Content
China-backed Canyon Bridge Buys Imagination for £550 million
iPhone 8 Teardown
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 Foundry Tapes Out eMRAM Test Chip Based on 28nm FD-SOI Process
Samsung Galaxy Note8 Available in Stores Today
Both LG and Samsung Invest EUR25 million in OLED Material Developer Cynora
Samsung to Create US$300 Million Fund for Auto-related Technologies
Samsung SDI Introduces Battery Technology Advancements for Electric Vehicles
Samsung Mobile Chief Confirms Foldable Phone Project
Samsung Adds New 11nm LPP and 7nm LPP With EUV Technology in its Foundry Portfolio
Samsung Develops First 28nm Embedded Flash Memory Process
Samsung to Launch Mobile Security Rewards Program
Samsung Expands TV Lineup at IFA 2017
Samsung Debuts Three Professional Monitors at IFA
Samsung's Lee Sentenced to Five Years in Prison

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 .