Microsoft’s Insurer Announces Settlement With Electronic Memory Chip Supplier

Mealey's (April 5, 2019, 12:54 PM EDT) -- SEATTLE — Microsoft Corp.’s insurer announced on April 2 that it reached a confidential settlement with an electronic memory chip supplier of its breach of contract subrogation lawsuit seeking to recover the $150 million it paid for damages that Microsoft allegedly incurred when it had to seek substitution for dynamic random access memory (DRAM) chips after a jury found that the supplier did not breach its agreement with Microsoft (Cypress Insurance Company v. SK Hynix America Inc., No. 17-00467, W.D. Wash.)....