Netlist, Inc. (OTCQB: NLST) today announced that the Company and Micron Technology, Inc. ("Micron") have entered into Patent License and Settlement Agreements.


Under the agreements, the parties have agreed to settle and mutually release all pending legal proceedings between the companies, and Micron will receive a 5-year term license to Netlist's patent portfolio, including patents covering server DIMMs and High Bandwidth Memory technologies. Micron will pay Netlist $30 million per quarter from the fourth quarter of 2026 through the third quarter of 2031, totaling $600 million during the term.