Irvine’s Netlist Inc., a maker of specialized memory products for computers, said Monday it settled a lawsuit filed against Texas Instruments Inc.
The company didn’t disclose terms of the settlement. News of the deal sent Netlist’s shares up 6% Monday on a market value of nearly $60 million.
Netlist makes memory boards with specialized controller chips that help manage other memory boards within servers.
The company has been wrapped up in several legal disputes over patents related to the controller chip technology. The controllers in effect “supercharge” memory chips inside a server, making them more efficient and speeding the flow of data.
Last year, the company filed a lawsuit against Westlake Village-based chipmaker Inphi Corp.
Netlist sued Dallas-based Texas Instruments in 2008 for alleged trade secret misappropriation.
The company asserted that Texas Instruments disclosed confidential materials to a standard-setting body.
