SST REACHES SETTLEMENT OF LAWSUIT WITH WINBOND.SST SST: see airplane. (Silicon Storage Technology, Inc In the late 1980s, Bing Yeh and his cofounder assembled a small team of engineers in a rented office on Apollo Way in Sunnyvale, Calif., to develop a new breed of nonvolatile memory technology—SuperFlash—for code or data storage in electronic systems and embedded memory for .) (Nasdaq:SSTI SSTI State Science & Technology Institute (Westerville, OH)SSTI Skin and Soft Tissue Infection SSTI Small Spacecraft Technology Initiative SSTI Skin and Skin Structure Infection SSTI Six Sigma Technical Institute ) has reached a settlement in its lawsuit with Winbond Electronics of Taiwan. The original suit was filed in the U.S. Distryct Court in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. in July 1998 pursuant to the termination of its SuperFlash technology licensing agreement with Winbond. The settlement agreement also contains binding terms relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc a new license agreement to be entered into between the parties, which upon execution will be deemed effective as of October 1, 2000. As part of the settlement, Winbond has agreed to a consent judgment and does not contest the validity and appropriateness of SST's termination of the licensing agreement in June 1998. Winbond will also pay past due and ongoing royalties. Under the new license, Winbond is permitted to pursue the fast growing embedded flash market but is constrained by certain technology limitations and volume reduction for the memory products. In particular, SST's license to Winbond does not include SST-owned intellectual property after 1997. Winbond also will not be permitted to engage third parties for wafer foundry based on SST's technology, and will be allowed to continue foundry sales for a pre-existivg customer only through March 2001. SST expects that the future royalties from this new licensing agreement will contribute significantly to SST's licensing income, due to Winbond's revenue size in nonvolatile memory and other embedded applications such as speech synthesizers, speech recognition devices, microcontrollers and personal communication devices. Headquartered in Sunnyvale, California, SST designs, manufactures and markets a range of nonvolatile memory solutions, based on proprietary, patented SuperFlash technology, for high volume applications in the digital consumer, networking, wireless communications and Internet computing markets. SST's product families include high-functionality flash memory components, flash mass storage products and 8-bit microcontrollers with on-chip flash memory. SST also offers its SuperFlash technology for embedded applications through its world-class manufacturing partners and technology licensees IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , National Semiconductor, Motorola, Samsung Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp. and Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code ). TSMC offers SuperFlash under its trademark Emb-FLASH. |
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