Rambus announced a settlement with the European Commission (EC), the memory designer avoids a possible fine by pledging to reduce royalty rates worldwide on its memory chip patents for five years.
But last June, Rambus offered to settle the matter, by providing licences to customers of its technology with royalty rates capped at relatively low levels.
As part of the suggested deal, which followed months of discussions between the regulator and company, Rambus would not make any admission of wrongdoing or pay any fine, and the commission would not issue any finding against the company.
On Wednesday, after seeking the views of interested third parties, the commission said it was satisfied that the deal addressed its competition concerns. Rambus’ commitments will now become legally binding.