Samsung Electronics and Rambus on Tuesday announced they had settled outstanding claims over licensing, which should net Rambus more than US$700 million over the next five years.
As part of the settlement agreement, Samsung will make an initial payment to Rambus of $200 million, and quarterly payments of about $25 million for the next five years. Samsung will additionally invest $200 million in Rambus stock.
Both the companies have also signed a memorandum of understanding to jointly develop memory technologies. The companies will initially focus on graphics and mobile memory solutions, and will review "a potential collaboration" on server and high-speed NAND Flash memories, the companies said in a joint statement.
Bringing together Samsung's market share and Rambus' innovations in memory architectures "will make possible an exciting new generation of mobile, computing and consumer electronics products," said Harold Hughes, president and CEO of Rambus, in a statement.
Rambus and Samsung have been involved in long-running disputes over patent infringement as well as antitrust issues.
The companies plan to offer further comment during a press conference on Tuesday.