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Fairchild Semiconductor and Infineon Reach Patent Settlement, Cross-License

^{Published on 2009-12-28 13:45:08 - Market Wire}
 

SAN JOSE, Calif.--([ BUSINESS WIRE ])--Fairchild Semiconductor (NYSE: FCS), a leading global supplier of high performance products to drive energy-efficiency, announced it has settled patent lawsuits with Infineon Technologies. The company also announced it had entered into a broad cross-license with Infineon related to semiconductor technology, the terms and conditions of which were not disclosed.

The two companies filed patent infringement lawsuits against each other in Maine and Delaware courts in November, 2008.

Fairchild said it will record a $6 million charge in the fourth quarter related to the settlement and cross-license.

About Fairchild Semiconductor:

[ Fairchild Semiconductor ] (NYSE: FCS) is a global leader delivering [ energy-efficient ] power analog and [ power discrete solutions ]. Fairchild is The Power Franchise®, providing leading-edge silicon and packaging technologies, manufacturing strength and system expertise for [ consumer ], communications, [ industrial ], [ portable ], [ computing ] and [ automotive ] systems. An application-driven, solution-based semiconductor supplier, Fairchild provides online design tools and design centers worldwide as part of its comprehensive Global Power Resource^SM. Please contact us on the web at [ www.fairchildsemi.com ].

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