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takyon writes:

GlobalFoundries and TSMC Sign Broad Cross-Licensing Agreement, Dismiss Lawsuits

GlobalFoundries and TSMC have announced this afternoon that they have signed a broad cross-licensing agreement, ending all of their ongoing legal disputes. Under the terms of the deal, the two companies will license each other's semiconductor-related patents granted so far, as well as any patents filed over the next 10 years.

Previously, GlobalFoundries has been accusing TSMC of patent infringement. At the time of the first lawsuit in August, TSMC said that the charges were baseless and that it would defend itself in court. In October, TSMC countersued its rival and, in turn, accused GlobalFoundries of infringing multiple patents. Now, less than a month after the countersuit, the two companies have agreed to sign a broad cross licensing agreement and dismiss all ongoing litigation.

Previously: GlobalFoundries Sues TSMC for Patent Infringement, Seeking Import Ban
TSMC Countersues GlobalFoundries: Accuses US Fab of Infringing Patents Across Numerous Process Nodes

Original Submission