Hynix, Toshiba Lay Down Swords, Sign Patent Deal

Law360, New York (March 20, 2007, 12:00 AM EDT) -- Putting to rest over five years of legal combat over NAND flash memory chip patents, Toshiba Corp. and Hynix Semiconductor Inc. agreed on Tuesday to sign cross-licensing agreements for their products.

A spokesman for Hynix did not reveal details of the cross-licensing agreement, only saying the company would still pay Toshiba royalties for its patents and that “certain kinds of products would be shipped to Toshiba.”

The patents cover NAND flash memory chips, which store information and are used in consumer electronics such as mobile phones,...
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