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Memory/Storage??

Samsung, Lexar renew supply agreement

Posted: 02 Nov 2005 ?? ?Print Version ?Bookmark and Share

Keywords:samsung? lexar? nand? memory? patent?

Samsung Electronics Co. Ltd and Lexar Media Inc. have extended and renewed their supply and license agreements including expansion of product coverage. The deal extends the supply agreement by five years through March 2011.

"Lexar has experienced extraordinary growth over the past five years with the support of Samsung which has clearly shown its leadership through its large investment in the NAND market," said Lexar chairman, president and CEO, Eric Stang. "This is a fundamental agreement that builds on that partnership and adds important improvements to it. We expect it to be an important contributor to our growth and profitability in the years ahead," Stang added in a statement.

The agreement increases the number of Samsung products that were not covered in the original Lexar license. Other terms of the agreement were not revealed.

"As the flash memory market has developed, Samsung's original agreement did not cover all types of flash memory products covered by our extensive patent portfolio," said Eric Whitaker, executive vice president and general counsel, Lexar.

EE Times-Asia





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