Toshiba Corp. and Micron Technology Inc. have settled a number of pending patent infringement lawsuits related to computer memory chips. According to settlement agreement, Toshiba would purchase some Micron patents related to semiconductor technology and secure licenses for patents held by Micron unit Lexar Media Inc. for US $ 288 million. However, the amount is substantially less than the US $ 465 million in compensation awarded to Lexar by a California Court last year. The payment has been on hold after Toshiba managed to have the damages reconsidered and filed an appeal seeking to overturn the original guilty verdict.
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