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Samsung, SanDisk sign cross-license agreement, dismiss lawsuits

SUNNYVALE, Calif.-Samsung Electronics Co. Ltd. and SanDisk Corp. announced they have signed cross license and supply agreements on flash memory technology, and in turn have dismissed lawsuits previously filed against each other in California and Texas.

The new agreements, signed after a previous patent cross-licensing agreement expired this month, have a term of seven years. The partnership calls for Samsung’s and SanDisk’s flash memory and card patents to be cross-licensed and for Samsung to supply SanDisk with flash memory products for the term of the agreement.

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