Toshiba Corp. said on Friday it would buy certain chip-related patents from Micron Technology Inc. and secure licences for all the patents held by Micron unit Lexar Media Inc. for $288 million, ending lawsuits between the Japanese electronics maker and Lexar. Micron in June acquired Lexar Media, which has been in a legal tussle with Toshiba since 2002 regarding flash memory patent infringement. Behind Samsung Electronics Co. Ltd., Toshiba is the world's second-largest maker of NAND-type flash memory chips, widely used in digital cameras, photo-snapping phones and portable music players such as Apple Computer Inc.'s iPod.

Posted by GEN-ERIC at 12:05:15 am into the following categories: In The News

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