Infineon and Rambus kiss and make up
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Posted in Financial News, 21st March 2005 16:24 GMT
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Infineon and Rambus have decided to stop all ongoing legal action and sort out a licensing agreement. The two have been in court alleging patent infringments and worse since the late twentieth century.
Earlier this month Rambus had its claim for patent infringements against Infineon thrown out of court. Rambus was accused of shredding key documents ahead of court hearings, the judge agreed and dismissed Rambus's case against Infineon.
But a few weeks later and Infineon has agreed to pay Rambus quarterly license fees of $5.9m. The agreement runs from November 2005 to November 2007. After this date, if Rambus has enough other agreements in place, Infineon may make extra payments up to $100m.
Infineon also has an option to purchase other licenses from Rambus and should be treated as "most-favoured customer".
The two companies have also agreed to immediately stop all legal action and release each other from all existing legal claims.®
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