Heurist Finance

Micron to pay Netlist $600M for five-year patent license

Seekingalpha · yesterday
MU
Micron to pay Netlist $600M for five-year patent license
  • Micron Technology agreed to pay Netlist $600M for a five-year license to access its patent portfolio.
  • The licensed patents include server DIMMs and high-bandwidth memory.
  • Netlist shares surged 18% during early market action on Tuesday following the agreement.

Quotes

“Netlist (NLST) shares surged 18% during early market action on Tuesday after Micron Technology (MU) agreed to pay the company $600M for a five-year license to access its patent portfolio.”— Seeking Alpha
“The patents include server DIMMs (dual in-line memory modules) and high-bandwidth memory”— Seeking Alpha

Sources