Micron to Pay $600 Million Settlement to Resolve Netlist Patent Lawsuit

Netlist, Inc. (USOTC:NLST) and Micron Technology, Inc. (NASDAQ:MU) have entered into patent licence and settlement agreements covering existing legal proceedings and Netlist’s patent portfolio.

Under the agreements, all pending legal proceedings between the two companies will be settled and mutually released.

Micron will receive a five-year licence to Netlist’s patent portfolio, including patents covering server DIMMs and High Bandwidth Memory technologies.

Read more at Yahoo!Finance