LONDON – Memory IP licensor Mosaid Technologies Inc. has announced that IBM Corp. is the latest company to settle over alleged infringement of Mosaid patents.
Mosaid (Ottawa, Ontario) said that IBM has entered into a patent license agreement and a settlement agreement that ends pending litigation between the two companies. Mosaid filed suit against IBM in July 2009 alleging that IBM processors and ASICs infringed six patents on embedded DRAM. Mosaid has reached agreements with Samsung, NXP, Micron and Powerchip.
Under the terms of the non-exclusive worldwide patent license agreement, IBM receives a five-year license to certain of Mosaid patents. IBM's processor and ASIC products that contain embedded DRAM are licensed under the agreement and IBM will make a series of fixed payments to Mosaid during the term of the agreement. The amount IBM is paying was not disclosed.