Netlist settles Micron patent suits; Micron to pay $600M over five years for portfolio license

NETLIST INC

Micron to pay $30M quarterly for 20 consecutive calendar quarters, Q4 2026 through Q3 2031, totaling $600M for a five-year license to Netlist's worldwide patent portfolio.
Settlement and Release Agreement dated October 5, 2026 resolves and mutually releases all pending legal proceedings between Netlist and Micron.
Micron also purchased 10 million NLST common shares for $1 million cash (~$0.10/share); 20% of shares release from lock-up on each of the first four anniversaries, remaining 20% on the fifth.
Licensed patents include those covering server DIMMs and High Bandwidth Memory; CEO C.K. Hong said the agreement 'further validates the value of our AI memory technologies.'

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