SanDisk and Ritek settle suit, sign license deal

By @ibtimes on

Flash memory maker SanDisk Corp. on Friday said it settled its patent litigation against Ritek Corp. and signed a royalty-bearing cross-license agreement with the Taiwanese manufacturer.

The companies said the agreement makes Ritek the first Taiwanese manufacturer of flash cards, USB flash drives and storage systems that is licensed by SanDisk.

SanDisk said the license and royalty terms of the agreement and settlement are confidential.

Join the Discussion