Silicon Laboratories Inc. (Austin, TX) and TDK Semiconductor Corp. jointly announced that the companies have reached an amicable settlement of the patent infringement lawsuit brought by TDK covering one of its patents related to signal modulation technology for direct access arrangements.
Under the terms of the settlement, TDK agreed to release all claims covered by the lawsuit. In addition, TDK granted Silicon Laboratories irrevocable, royalty-free licenses for the patent covered by the lawsuit and certain other related patents. In exchange, Silicon Laboratories agreed to make a one-time payment of $17 million to TDK and released all counterclaims covered by the lawsuit. Silicon Laboratories and TDK agree that the amicable resolution of this litigation does not constitute an admission or concession of liability or fault by either party.
