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$900 Million Chip Settlement between Samsung and Rambus

After a long winded litigation period.

Published Fri, Jan 22 2010 12:44 AM CST   |   Updated Tue, Nov 3 2020 12:35 PM CST
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 SOURCE:online.wsj.com
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