Netlist and Micron Enter Patent License and Settlement Agreements (Form 8-K)

Netlist and Micron Enter Patent License and Settlement Agreements

IRVINE, California, October 6, 2026, Netlist, Inc. (OTCQB: NLST) today announced that the Company and Micron Technology, Inc. ("Micron") have entered into Patent License and Settlement Agreements.

Under the agreements, the parties have agreed to settle and mutually release all pending legal proceedings between the companies, and Micron will receive a 5-year term license to Netlist's patent portfolio, including patents covering server DIMMs and High Bandwidth Memory technologies. Micron will pay Netlist $30 million per quarter from the fourth quarter of 2026 through the third quarter of 2031, totaling $600 million during the term.

"The agreement with Micron further validates the value of our AI memory technologies," said C.K. Hong, Netlist's Chief Executive Officer. "We remain committed to protecting our IP while continuing to invest in the development of next-generation products."

Further details regarding the transaction are available in Netlist's Current Report on Form 8-K filed concurrently with the issuance of this release and available on the SEC filings page of the Netlist website here.

About Netlist

Netlist is a leading innovator in advanced memory and storage solutions. With a rich portfolio of patented technologies, Netlist's inventions are foundational to the advancement of AI computing. To learn more about Netlist, please visit www.netlist.com.