Samsung to Pay Spansion $150 Million
- June 20, 2011
June 20, 2011- Spansion has announced a settlement and patent license agreement with Samsung. Under the terms of the seven year cross license agreement between the companies, Samsung will pay Spansion $150 millon over five years with a $25 million upfront payment in August. Spansion initiated patent litigation against Samsung in 2008 including an ITC investigation seeking to block import of Apple and RIM devices using Samsung chips.