South Korea's No. 2 chipmaker SK hynix said Friday it has agreed to settle a lawsuit with Japanese Toshiba and cooperate in developing new technologies. The two companies have reached a settlement in connection of a civil lawsuit that Toshiba initiated against SK Hynix at the Tokyo District Court on March 13, 2014. Brought under Japan?s Unfair Competition Prevention Act, the suit sought damages for the wrongful acquisition and use of proprietary Toshiba information on NAND flash memory, which Toshiba pioneered in 1987.

As a result of the agreement, Toshiba will withdraw the lawsuit in return for a settlement fee from SK Hynix.

SK Hynix is a long time supplier of DRAM to Toshiba, and a partner in MRAM development. In addition to settling the litigation, Toshiba and SK Hynix have agreed to expand their relationship by extending existing supply agreements for DRAM and patent cross licensing, and to start collaboration in the development of nano-imprint lithography (NIL), a candidate for next-generation lithography technology.

In related news, Toshiba announced that it will exhibit its latest products and technologies at the 2015 International Consumer Electronics Show (CES) exhibition, which will be held in Las Vegas from January 6 to January 9.

Toshiba will showcase products and technologies for achieving the company?s vision of creating a "Human Smart Community."

Toshiba will present separate displays covering its three main businesses?Energy, Storage, and Healthcare - and its expertise in New Concept Innovation, the application of Toshiba Group?s range of technologies to a wide range of new businesses.

Exhibits will spotlight how Toshiba Group is working toward establishing hydrogen as a next-generation energy source, and also showcase Toshiba?s SCiB lithium-ion secondary batteries, and the ENE-FARM residential fuel cell.

In semiconductor and storage products, Toshiba will introduce wireless communication solutions that include products supporting TransferJet, the close proximity wireless transfer technology; near-field communications technology (NFC); Bluetooth Smart applications with NFC tag functions; and FlashAir, a wireless LAN SD memory card. The display will also feature Toshiba?s latest line-up of client SSDs, portable hard discs, SD memory cards and products supporting SeeQVault, the next-generation content protection technology. Another focal point is an image recognition processor for automotive applications that will add enhanced functionality to next generation Advanced Driver Assistance Systems (ADAS), including improved performance in night-time detection of pedestrians.

Toshiba will also demonstrate biosensors in a wristband fitness tracker that empowers users to take a total approach to managing daily exercise, sleep and diet, and the Silmee, which promises to help disease prevention and care provision by analysis of autonomic nerve activity and sleep, through measurement of vital signs such as cardiac potential and pulse.

A prototype of the Toshiba Glass?a compact, lightweight wearable terminal that has the appearance and feel of an ordinary pair of glasses will be also on display. Visitors will also have the chance to meet a communication robot with a lifelike appearance and realistic hand and arm movements, which is being developed for use in areas such as welfare and healthcare. Other displays will include a virtual fitting room system that allows consumers to select and virtually try on clothes, and a 3D display that can switch between 2D and 3D viewing modes with no loss of high resolution, and that does not require dedicated 3D glasses.