SanDisk and SK Hynix Settle IP Litigation

Stefan Mileschin · 5th August 2015, 09:27

SanDisk Corporation, a global leader in flash storage solutions, today announced it has reached agreement with SK Hynix, Inc. to modify and extend their intellectual property licensing relationship and enter into a multi-year commercial relationship under which SK Hynix will supply its leading-edge DRAM products to SanDisk. These agreements include a settlement of the trade secret misappropriation suit filed by SanDisk in 2014.

Under these agreements, which will expire on March 31, 2023, SanDisk will release SK Hynix of its liability pertaining to the trade secret litigation and license certain intellectual property rights to SK Hynix in exchange for license and royalty payments to be made over the duration of the agreement. In addition, SK Hynix has agreed to supply SanDisk with certain volumes of its DRAM products for MCP and SSD applications. The specific terms and conditions of the agreements, including with respect to economic consideration, are confidential.

http://www.techpowerup.com/214918/sa...itigation.html

5th August 2015, 09:27	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,500	SanDisk and SK Hynix Settle IP Litigation SanDisk Corporation, a global leader in flash storage solutions, today announced it has reached agreement with SK Hynix, Inc. to modify and extend their intellectual property licensing relationship and enter into a multi-year commercial relationship under which SK Hynix will supply its leading-edge DRAM products to SanDisk. These agreements include a settlement of the trade secret misappropriation suit filed by SanDisk in 2014. Under these agreements, which will expire on March 31, 2023, SanDisk will release SK Hynix of its liability pertaining to the trade secret litigation and license certain intellectual property rights to SK Hynix in exchange for license and royalty payments to be made over the duration of the agreement. In addition, SK Hynix has agreed to supply SanDisk with certain volumes of its DRAM products for MCP and SSD applications. The specific terms and conditions of the agreements, including with respect to economic consideration, are confidential. http://www.techpowerup.com/214918/sa...itigation.html

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
SanDisk Unveils SanDisk Extreme PRO SSD	Stefan Mileschin	WebNews	0	3rd June 2014 09:28
Apple, Google settle smartphone patent litigation	Stefan Mileschin	WebNews	0	19th May 2014 07:41
SanDisk Files Lawsuit Against SK Hynix for Theft of Trade Secrets	Stefan Mileschin	WebNews	0	14th March 2014 09:22
SanDisk Releases 64 GB SanDisk Connect Wireless Flash Drive	Stefan Mileschin	WebNews	0	7th January 2014 08:13
Rambus and Micron settle at last	Stefan Mileschin	WebNews	0	13th December 2013 07:56
OCZ Announces Settlement of Consolidated Shareholder Class Action Litigation	Stefan Mileschin	WebNews	0	3rd October 2013 12:21
SanDisk Announces New SanDisk Connect Line of Wireless Flash Storage Products	Stefan Mileschin	WebNews	0	23rd July 2013 06:53
Google about to settle with FTC over privacy	Stefan Mileschin	WebNews	0	11th July 2012 06:29
Tim Cook hates litigation, not quite ready to call a patent truce	Stefan Mileschin	WebNews	0	25th April 2012 07:46
Intel said to settle with Nvidia	jmke	WebNews	0	13th November 2010 23:13