PartnershipAug 5, 2026, 06:08 AM
Netlist Forms Strategic Alliance with Samsung; Receives $239M Upfront
AI Summary
Netlist, Inc. announced a strategic alliance with Samsung, encompassing a Patent Cross License Agreement, Settlement Agreement, Supply Agreement, and ITC Cooperation Agreement. Under the patent license, Samsung will pay Netlist an upfront fee of US$239 million and quarterly fees up to US$32.9 million for five years. The agreements resolve all pending legal disputes and establish a supply relationship where Netlist can purchase up to US$1.5 billion in memory products. Additionally, Samsung purchased 10 million shares of Netlist common stock for US$1 million.
Key Highlights
- Netlist entered into a Patent Cross License Agreement with Samsung, effective July 31, 2026, for five years.
- Samsung will pay Netlist an upfront license fee of US$239 million (gross), approximately US$200 million net.
- Samsung will pay quarterly license fees up to US$32.9 million (gross), approximately US$27.5 million net, for 20 quarters.
- A Settlement Agreement resolves all pending legal proceedings between Netlist and Samsung.
- A Supply Agreement allows Netlist to purchase up to US$300 million of DRAM and NAND products annually, totaling US$1.5 billion over five years.
- Samsung purchased 10 million shares of Netlist common stock for US$1 million.
- An ITC Cooperation Agreement for five years will have Samsung provide information for Netlist's future ITC actions against third parties.
Price Impact
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