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Actions, SigmaTel settle lawsuits, ink license pact

Posted: 22 Jun 2007 ?? ?Print Version ?Bookmark and Share

Keywords:IP infringement? patent dispute? cross-license agreement?

China fabless company Actions Semiconductor Co. announced it has settled all outstanding litigation worldwide against SigmaTel Inc.

Under the settlement terms, all outstanding claims and counterclaims in the lawsuits the two companies have been engaged in will be dismissed with prejudice. Both companies also agreed not to pursue possible third-party IP infringements or new legal actions against each other and their respective customers for three years.

In addition, Actions and SigmaTel entered into a comprehensive cross-license agreement covering patents owned or controlled by either party or its subsidiaries. Consequently, all of Actions' current and future products may now be imported into the U.S. market without restrictions.

"We are pleased to have reached a mutually beneficial agreement that advances the long-term interests of both companies," commented Nan-Horng Yeh, CEO of Actions. "The agreement lays the groundwork for fair competition and validates the strength of our intellectual property portfolio."

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