View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 13, 2009

Spansion, Samsung settle flash patent dispute

Samsung to pay Spansion $70m as part of the settlement

By CBR Staff Writer

Flash memory chip maker Spansion and Samsung Electronics have settled a patent-infringement suit regarding Spansion’s floating gate technology. As part of the settlement, Samsung will pay Spansion $70m.

The companies have also exchanged rights in their patent portfolios in the form of licenses. The patent settlement is subject to approval by the bankruptcy court because Spansion filed for Chapter 11 bankruptcy protection in March.

Last November Spansion filed two patent suits against Samsung with the International Trade Commission and in the US District Court of Delaware, seeking the exclusion from the US market of mp3 players, cellphones, digital cameras, and other consumer electronic devices containing the flash memory components. In January, Samsung filed a patent infringement complaint in Japan against Spansion Japan seeking both injunctive relief and damages for its patents.

John Kispert, president and chief executive at Spansion, said: 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. In addition, the agreement strengthens our cash position to help Spansion emerge from the Chapter 11 process a stronger and more focused company.

Content from our partners
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU