UPDATE 1-Samsung settles with Rambus in $900 mln deal
* Settles all claims between two companies
* Samsung will invest $200 mln in Rambus stock
* Rambus shares up 9.5 pct in afterhours trade
SAN FRANCISCO, Jan 19 (Reuters) - Samsung Electronics Co Ltd (005930.KS) and Rambus Inc (RMBS.O) have settled their long-running legal battle, agreeing to a licensing and investment pact that could be worth $900 million over half a decade to the memory chip designer.
Rambus shares rose 9.5 percent in afterhours trade on Tuesday after the settlement was announced.
The two companies said in a statement the agreement included a quarterly payment from Samsung to Rambus of about $25 million for the next five years, as well as an investment of $200 million in Rambus stock.
Samsung will also pay an initial $200 million in cash to Rambus.
The agreement comes before the start of an antitrust trial in San Francisco. Los Altos, California-based Rambus had accused Samsung, Micron Technology Inc (MU.O) and Hynix Semiconductor Inc (000660.KS) of colluding to fix prices, hurting sales of Rambus' RDRAM memory chips for computers. [ID:nN04175802]
The statement did not mention similar talks between Rambus and Micron or Hynix.
Shares of Rambus rose $2 to $23.13 in afterhours trade after closing at $21.13 in regular trade on Nasdaq. (Reporting by Ian Sherr; Editing by Tim Dobbyn)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints



Follow Reuters