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Agreements settle Micron-Mosaid litigation

Posted: 04 Feb 2009 ?? ?Print Version ?Bookmark and Share

Keywords:Micron Mosaid agreement? patent litigation? license portfolio?

Micron Technology Inc. and Mosaid Technologies Inc. have inked agreements, whereby Micron will license Mosaid's patent portfolio and Mosaid will acquire 400 Micron patents. The agreements settle all of the pending litigation between the companies.

Under the terms of the patent license agreement, Micron receives a 10-year license to certain of Mosaid's patents including a life-of-patents license for all such patents through a defined capture period and a term license for subsequent patents. Micron's DRAM, flash, and other memory and image sensor products are licensed under the agreement. Micron will make a series of fixed cash payments to Mosaid.

Under the patent transfer agreement, Mosaid will acquire title to 400 Micron patents, consisting of patents related to DRAM, flash memory and semiconductor process technology. In the first four quarters after the effective date, Mosaid will make fixed payments to Micron, which amount will be credited against future payment obligations to Micron pursuant to royalty revenue sharing terms. All other terms and conditions of the patent license agreement and the patent purchase agreement are confidential.

"By settling the litigation and signing a patent license agreement with Micron, one of the world's largest DRAM producers, we have achieved our goal of licensing virtually 100 percent of the global commodity DRAM market to our patents," said John Lindgren, president and CEO of Mosaid, in a press release. "The transfer of a large number of patents from Micron will contribute greatly to Mosaid's semiconductor patent licensing program."

"We are pleased with the accord Micron has reached with Mosaid. These agreements provide us with a license to Mosaid's patents while providing the opportunity for substantial value over time in recognition of Micron's industry-leading innovations," said Rod Lewis, Micron's VP of legal affairs and general counsel.

Micron and Mosaid have been engaged in patent infringement litigation since July 2006. The two companies have agreed to file a joint motion in the U.S. District Court for the Northern District of California to dismiss with prejudice all claims.

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