European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Wall Street Slips as Oil Prices Surge 5% on Iran-Hormuz Uncertainty 
ADNOC Gas Targets Up to $4B Profit in 2026 
OpenAI Executive Brad Lightcap to Leave for New AI Venture 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes 
South Korean Won Leads Asian FX Losses as Dollar Rises 
England Drought Expands to 71% as Heatwave Deepens Water Crisis 
OpenAI Restricts Astra AI Over Cyberattack Risks 
CBA Posts Record A$10.98B Profit Despite Cautious Outlook 
Trump Weighs Capital Gains Tax Cuts Ahead of Midterms 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Gold Price Hits Two-Month High as Investors Await US Inflation Data 
SK Hynix and Netlist ended their dispute on chip patent after reaching a settlement. The two companies have now entered into a strategic agreement that will be beneficial to both sides.
The South Korean chipmaker and US-based memory and storage tech company announced on Wednesday, April 7, that they have settled and signed a patent cross license agreement. The contract covers the firms’ chip technologies, as per Yonhap News Agency.
What is in the deal
Under the agreement, it was reported that SK Hynix will be given access to Netlist's portfolio of its US and foreign patents. In return, Netlist will get a royalty from the Korean chipmaker, supply of memory and storage products and a cross license to SK Hynix's patent portfolio.
Moreover, it was stipulated in the agreement that Netlist and SK Hynix will collaborate on the former’s HD CXL technology, advanced memory and storage tech for future sales in the market. At any rate, insiders in the industry believe that the California-headquartered tech company will be able to get at around $40 million in royalties from SK Hynix.
"We are delighted with the recognition of the value of Netlist's intellectual property and very much look forward to partnering with SK Hynix, a global leader in memory and storage technology." Netlist's chief executive officer, C.K. Hong, said in a press release.
SK Hynix and Netlist’s legal dispute
SK Hynix and Netlist just agreed to settle their court battle and it was said that the companies will close all their pending cases that are being tried in the Patent Trial and Appeals Board of the U.S. Patent and Trademark Office and the U.S. District Court for the Western District of Texas.
The tech firms’ dispute began when in 2016 and 2017, Netlist filed a patent infringement case against SK Hynix with the International Trade Commission in the U.S. Although the American company is the complainant in the suit, the ITC ruled in favor of the Korean company.
Finally, Netlist took the cases to Texas court last year but before more trials can proceed, it has made a deal with SK Hynix and settled to conclude their dispute and move on with the business. With this strategic agreement in place, both parties will only gain from now on instead of going through with the hassles of the court battle that will also cost them money.
