Netlist, Inc.

Netlist, Inc. is a Delaware-registered corporation headquartered in Irvine, California that designs and sells high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. It also manufactures a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers. Netlist holds a portfolio of patents in the areas of server memory, hybrid memory, storage class memory, rank multiplication and load reduction. Netlist has more than 120 employees and an annual revenue of US$142.4 million as of 2021 The stock was added to NASDAQ in late 2006. In the initial public offering of its common stock in 2006, Netlist sold 6,250,000 shares at $7.00 each. On September 26, 2018, Netlist announced they were moving from NASDAQ and currently trades on the OTCQB.

As of 2019, Netlist was reportedly in favorable claim for patents infringed upon by Google and South Korean Company, SK Hynix. The company, founded by former LG Corporation employee Hong Chun-ki (also named Chun Ki Hong and Chun K. Hong) in 2000, entered a product supply and technological joint development agreement with Samsung Electronics in 2015. In 2020, Netlist brought a lawsuit against Samsung in the Federal District Court for allegedly breaching its obligations under that agreement. On February 15, 2022, the United States District Court Judge Mark C. Scarsi issued a Judgement in Netlist's favor on all counts, and expressly confirmed that any license Samsung had previously enjoyed to Netlist's patent was effectively terminated.

As of August 2023, Netlist has secured a $303M jury verdict against Samsung for violation of patents. On August 15, 2023, Netlist put out a direct offering of shares for $30M of funding being managed by Roth Capital. This has caused a 40% crash in the stock price.