A person walks into Samsung Electronics' office in Seoul's Seocho District, July 30. Yonhap

Samsung Electronics has settled a patent dispute with U.S. chip firm Netlist Inc. by signing a five-year agreement to license Netlist's memory chip patents, Netlist said Thursday.

Under the agreement, Samsung Electronics will gain access to Netlist's patent portfolio, including technologies related to server dual in-line memory modules (DIMMs) and high-bandwidth memory (HBM) used in artificial intelligence (AI) servers and high-performance computing systems.

Netlist, a Delaware-based company, develops advanced memory and storage technologies, including server memory and HBM solutions for AI computing.

"We're excited to renew this partnership and look forward to working closely with Samsung," Netlist CEO C.K. Hong said. "These strategic agreements reflect the companies' shared commitment to innovation in the AI-memory space and validate the value of Netlist's intellectual property."