Wednesday, December 13, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Twitter Makes It Easier For Users to Create Threads
Tsinghua to Invest in China-based Lite-On Storage Plant
Facebook to Book Advertising Revenue Locally Following Pressure
New Radeon Software Adrenalin Edition Provides Amped-Up Connected Gaming
Nintendo Says Switch Sells 10 Million Worldwide
Toshiba Unveils Embedded NAND Flash Memory Products for Automotive Applications
FCC to Hand Over Internet Oversight to FTC
Japan Display Develops 803ppi LCD Designed for Virtual Reality Applications
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > TSMC An...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 10, 2009
TSMC Announces Settlement of SMIC Trade Secret Litigation


Taiwan Semiconductor Manufacturing Company (TSMC) today announced that TSMC and Semiconductor Manufacturing International Corp. (SMIC) have reached a settlement of the action brought in California State Court by TSMC against SMIC in 2006 related to SMIC?s misappropriation of TSMC trade secrets and breach of a 2005 settlement agreement between the two companies.

The litigation and settlement have resulted in the full protection of TSMC?s trade secrets in the possession of SMIC.

Pursuant to the new settlement agreement, the parties have agreed to the entry of a stipulated judgment in favor of TSMC in the California action and to the dismissal of the SMIC appeal against the Beijing Higher Court?s finding in favor of TSMC. Under the new settlement agreement and the related stipulated judgment, SMIC has agreed to make cash payments to TSMC totaling $200 million, which are in addition to $135 million previously paid to TSMC under the 2005 settlement agreement, and to provide TSMC with other valuable consideration. Both parties also agreed to terminate the patent cross-licensing agreement signed in 2005.

"We are pleased to have amicably resolved all of our pending litigation with SMIC in California and Beijing and to have fully protected TSMC?s valuable trade secrets and technologies. We believe the settlement serves the best interests of TSMC and our shareholders," said Dr. Morris Chang, Chairman of TSMC.


Previous
Next
Intel Reader Transforms Printed Text to Spoken Word        All News        OCZ to Deliver SandForce-based Solid State Drive Solutions for both Enterprise and Consumer Applications
Intel Reader Transforms Printed Text to Spoken Word     General Computing News      Google to Acquire AdMob

Get RSS feed Easy Print E-Mail this Message

Related News
TSMC to Invest $20bn in 3nm Chip Plant
Samsung Foundry in Advanced Discussions With New Customers for 7nm Chips
Apple Praises TSMC's Investments, Says iPhones Will be AI an Platform
TSMC Raises Forecasts for 2017 Due to 10nm Demand, Outlines 7 and 5nm Roadmap
TSMC Chairman Dr. Morris Chang to Retire
TSMC to Build 3nm Fab in Taiwan
Globalfoundries Asks EU to Probe TSMC
TSMC Updates its Roadmap, Talks About First 7nm Chips and EUV Migration
TSMC InFO packaging Enters Second Generation
TSMC Q2 Sales Slowed as Industry Expects the iPhone Launch
Samsung and TSMC Are Playing Catch-up to Make the Smallest Chip
Samsung Foundry Focuses on 6nm Process to Beat TSMC

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .