Flash memory supplier Spansion Inc. has entered into an agreement with Macronix International Co. Ltd. to settle all outstanding patent disputes between the two companies.
In 2013, Macronix and Spansion filed lawsuits against each other claiming that each of the companies’ technologies infringed upon patents held by each company. The settlement will dismiss the lawsuits filed in the U.S. International Trade Commission as well as the suits in the District Court, inter parties review proceedings at USPTO and Macronix’s patent infringement complaint against Spansion in Germany.
The settlement also dismisses all of the patent cases involving both companies’ downstream customers worldwide. The settlement also frees up Spansion from legal bindings in regard to its merger with Cypress Semiconductor that was announced in December of last year.
Under the agreement, the companies will grant certain rights under the disputed patents to each other, Spansion said. The companies issued a joint statement saying the settlement will allow both companies to focus their resources on innovation and the demands of their customers in the memory semiconductor industry rather than the courtroom.
Other terms of the settlement, including financial terms, were not disclosed.
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