Toshiba filed suit against the South Korean company in March, claiming it profited from the theft of flash-memory data.
The two companies have accused SK Hynix of illegally obtaining data relating to NAND flash memory technology.
The companies will develop phase-change random access memory, an advance for memory chips that will allow storage of high data volumes, according to the Korea Times.
Hynix signs on to manufacture the once-theoretical memory resistor developed in HP Labs. The first commercial product will arrive in "three to five years."
The recent earthquake in China has taken a toll on a Hynix fab. Will that change what consumers pay at retail?
Hynix, one of the world's largest memory chipmakers, is slashing output. This may ease oversupply in the market.
One of the leading DRAM vendors plans to use technology from Innovative Silicon in future memory chips that is denser, and cheaper, than the current alternative.
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The No. 3 maker of DRAM chip is entering the graphics memory business, taking on heavyweights Samsung and Hynix.