Acquired Electronics360

Memory and Storage

Infineon, Qimonda Reach Partial Settlement

25 September 2014

An out-of-court agreement has been drafted between Infineon Technologies AG and Qimonda AG in order to settle all disputes except the pending lawsuit on the economic re-establishment of a shell company and liability for impairment of capital.

The settlement will require Infineon to pay 135 million euros and Infineon will acquire all patents from Quimonda for additional 125 million euros.

The settlement will end the following lawsuits between the two companies:

  • The disputes regarding the rights of use of Infineon and its licensees under the Qimonda patents.
  • The claims by an insolvency administrator in the action for rescission before a Regional Court in Munich.
  • Any other claims not specific to the pending economic re-establishment of a shell company and liability for impairment for capital.

Infineon said the payment will be made by existing liquidity and the provisions covered in the partial settlement have already been recognized by Infineon. The partial settlement is expected to finalize in the next calendar quarter.

Regarding the final two disputes, Infineon reasserts its claim that the lawsuits are unjustified and remains confident about the outcome.

Related links:

www.infineon.com

News articles:

Why UMC is Boosting Automotive Chip Business

Infineon to Buy International Rectifier for $3 Billion

Nvidia Files Suit Against Samsung, Qualcomm

Infineon, Philips, Samsung Fined Millions by EU

Who is the Next Takeover Target in Power Management?



Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Advertisement
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter
Advertisement

CALENDAR OF EVENTS

Date Event Location
30 Nov-01 Dec 2017 Helsinki, Finland
23-27 Apr 2018 Oklahoma City, Oklahoma
18-22 Jun 2018 Honolulu, Hawaii
Find Free Electronics Datasheets
Advertisement