News Article
Bitter memories past
The bitter dispute between Infineon Technologies and ProMOS Technologies has ended with agreement regarding ProMOS' license of Infineon's DRAM technologies transferred to ProMOS.
The bitter dispute between Infineon Technologies and ProMOS Technologies has ended with agreement regarding ProMOS' license of Infineon's DRAM technologies transferred to ProMOS.
A license agreement dating from 2000 has been amended, allowing ProMOS to produce and sell products using the technologies transferred from Infineon, and to develop its own processes and products.
As full consideration for the ongoing license for use of Infineon's technologies, ProMOS will pay Infineon $156mn in four instalments over a period up to April 30, 2006. Infineon's accrued payments for DRAM products purchased from ProMOS worth $36mn will be offset against this amount.
All claims (including litigations, arbitration or other complaints) raised by both sides are being withdrawn. Infineon will recognise the relevant license income in the three months ending December 31, 2004.
