Tag - OPTi
OPTi has announced that it has accepted a settlement agreement from NVIDIA, which will resolve a dispute over royalty payments for "pre-snoop" memory technology. NVIDIA will provide a lump sum payout of $2 million to secure a "fully paid-up license" to the patented technology.
Patent holder OPTi this afternoon launched arbitration against NVIDIA in an attempt to garner more royalty payments. It claims that the GeForce creator is breaching a licensing deal struck in 2006 for "pre-snoop" memory technology by declining to pay five quarterly payments worth $3.75 million. It's also allegedly continuing to use the predictive technique and could owe as many 12 total payments.