Micron Technology has finally settled with Rambus on DRAM memory patents, agreeing to pay up to $280 million over a period of seven years.
According to the agreement announced Tuesday, Micron can use any Rambus patent for the manufacture of "specified integrated circuit products."
The agreement requires quarterly royalty payments to Rambus over the next seven years capped at $10 million per quarter or $280 million during the initial term, the two companies said in a statement.
"This was our last major outstanding litigation," Rambus CEO Ron Black said in a conference call Tuesday.
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