TSMC, GlobalFoundries settle patent disputes
Reuters
Published Oct 28, 2019 06:53PM ET
TSMC, GlobalFoundries settle patent disputes
(Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TW:2330) and smaller contract chipmaking rival GlobalFoundries Inc on Monday agreed to dismiss all patent litigations between themselves and those that involve their customers.
TSMC and GlobalFoundries will cross-license each other's patents as well as those patents that will be filed during the next ten years, the companies said in a joint statement.
U.S.-based GlobalFoundries sued TSMC in August and had listed Apple (O:AAPL), Qualcomm Inc (O:QCOM), Alphabet Inc's (O:GOOGL) Google, Nvidia Corp (O:NVDA), Lenovo Group (HK:0922) and Taiwan's MediaTek Inc (TW:2454) among TSMC customers affected by the complaints.
TSMC, the world's largest contract chipmaker, counter-sued earlier this month saying the U.S. firm has infringed 25 of its patents.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.