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$900 Million Chip Settlement between Samsung and Rambus

After a long winded litigation period

| Business, Financial & Legal News | Posted: Jan 22, 2010 6:44 am

After a long drawn out litigation process concerning royalty payments, Samsung and Rambus have finally reached settlement this week in which Samsung has agreed to pay Rambus $900 Million. The $900M financial settlement is based on the following conditions :-

 

• A one-time payment to Rambus of $200 million

 

• Future payments of about $25 million per quarter for the next five years

 

• Samsung's purchase of $200 million worth of Rambus stock

 

Under the agreement there will also be new technology collaboration between the two companies. Samsung has said that the settlement doesn't put a huge dint in its earnings as it had already set aside provisions and its shares were up 1.1% in midday trading in Seoul on Wednesday.

 

NEWS SOURCES:Online.wsj.com

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