STMicroelectronics N.V.
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Publicatie datum
10 feb 2014 - 22:30
Statutaire naam
STMicroelectronics N.V.
Titel
InvenSense and STMicroelectronics Announce Settlement of Pending Patent Litigation
Bericht
Geneva (Switzerland) and San Jose (California/USA), February 10, 2014 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, the world’s top MEMS (Micro-Electro-Mechanical Systems) manufacturer and the leading supplier of MEMS for devices for consumer and mobile applications , and InvenSense (NYSE: INVN), the leading provider of MotionTracking™ sensor system on chip (SoC) and Sound devices, announced today that they have settled all pending proceedings between them and have entered into a patent cross license agreement.
The two companies had instituted various proceedings beginning in May 2012 in the United States District Court for the Northern District of California, the United States District Court for the Eastern District of Texas, the United States Patent and Trademark Office and with the United States International Trade Commission. This settlement and patent cross license resolves all such actions.
Under terms of the settlement, neither ST nor InvenSense has made any admission of liability with respect to such proceedings. Other terms between the parties are confidential.
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