* Settlement worth $900 million to Rambus
* Rambus shares up 14 percent (Adds CEO comment)
SAN FRANCISCO, Jan 20 (Reuters) - Shares of memory chip-designer Rambus Inc (RMBS.O) jumped 14 percent Wednesday after news of a settlement with Samsung Electronics Co Ltd (005930.KS) that could be worth $900 million to Rambus over the next five years.
The settlement with Samsung, announced after Tuesday’s Wall Street close, is expected to put pressure on Micron and Hynix to also settle.[ID:nN1998943]
Rambus CEO Harold Hughes said there are still important “legal cards” to be played in both the antitrust suit in San Francisco and a patent-related lawsuit in Washington.
“We’re of the opinion that we stand in a strong position in both cases, and as a result I believe that we’ll let those issues play out before we get to any serious settlement talks with either company,” he said in an interview on CNBC.
The antitrust case is expected to continue pretrial proceedings on Jan. 21 in San Francisco.
Under the settlement, Samsung will make an initial payment of $200 million to Rambus, and will make quarterly payments of $25 million for the next five years. Samsung will also pay $200 million for 9.57 million Rambus shares, giving the Korean company a stake in Rambus of 8 percent to 9 percent.
Rambus shares surged 14 percent to $24.10 in afternoon trading on Nasdaq. (Reporting by Ian Sherr; Editing by Tim Dobbyn and John Wallace)