Micron Pays $600M to Netlist for Five-Year Patent License, Settling Lawsuit
Micron Technology and Netlist Inc. have finalized a five-year patent license agreement, with Micron paying $600 million to settle ongoing litigation. The deal resolves disputes over intellectual property rights, allowing both companies to avoid further legal costs. Netlist’s stock surged 18% intraday on the news, while Micron’s shares rose 4.06% to $1,088. This settlement follows a broader trend of major tech firms resolving patent disputes through licensing rather than protracted litigation.