News

Toshiba to Pay Micron $288 Million

By Nate Mook | Published September 15, 2006, 1:50 PM

Toshiba has agreed to pay $288 million to settle lawsuits between it and memory chipmaker Lexar Media, which was acquired by Micron Technology in June. Since 2002, Lexar has been engaged in a court battle with Toshiba regarding patent infringement of flash memory technology.

In exchange for the payment, Toshiba will receive licenses for all the patents held by Lexar. Lexar had filed a complaint with the International Trade Commission demanding that Toshiba stop importing flash memory chips into the United States, which could have proven disastrous for the number-two NAND memory maker. Samsung is currently the world's leading supplier of flash memory.

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Ramhound
Sep 15, 2006 - 11:25 PM

We don't know in what way they used their flash memory technology.

It could have been a honest mistake,which might be way they were able to get licenses for such technology...

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Black-Wolf
Sep 15, 2006 - 2:17 PM

This amount of money is little to these corporations, especially to Microsoft.

Jeee, how much money they burn in a day!?!

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Galway
Sep 15, 2006 - 5:17 PM

288 million is still a return on there development and patents, and it shows a wrong doing by Toshiba. Toshiba wouldnt like it if Micron used there technology and patents and didnt pay for it, and I would have added a few of toshiba's patents in a cross liciencing deal to rub salt in, but im sure the laywers didnt miss that one !?!

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