Sunday, April 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Ex-Apple CEO To Sell Mobiles In India
HTC Hired Ex-Samsung Marketing Officer
Xbox One Wolrdwide Sales Cross 5 million
Samsung Works With GLOBALFOUNDRIES On 14 nm FinFET Offering
Facebook To Find Nearby Friends
Console Sales Lift AMD's First Quarter Results
LG Expands 'Second Screen' TV Ecosystem With Open-Source SDK
Amazon Announces Kindle Service For Samsung Devices
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 Reports Quarterly Profit
TSMC Enjoys Q4 Profit, Getting Ready For More Efficient Chips
Samsung, TSMC, and Micron Top List of IC Capacity Leaders
Apple Works with TSMC for Manufacturing of A8 Chip: report
TSMC Introduces Its 16nm FinFET Technology
Chipmaker TSMC Reports Increased Earnings
Foundries Spending Big on Capital Equipment
TSMC Outlines Path To 16nm While Costs And Complexity Rise
TSMC To Make Apple's A8 Chip: rumors
TSMC and OIP Partners Deliver 16FinFET and 3D IC Reference Flows
Apple's Shift in Chip Manufacturing Strategy Boosts Semiconductor Foundry Business
Big Changes Reported To 1H13 Top 20 Semiconductor Supplier Ranking

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .