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Fairchild, Infineon settle patent lawsuits
REUTERS - Fairchild Semiconductor International Inc said it reached a patent settlement deal with Infineon Technologies and that it entered into a cross-license deal with the company.
The two companies had filed patent infringement lawsuits against each other in Maine and Delaware courts in November, 2008.
Fairchild said the cross-license with Infineon related to semiconductor technology, the terms and conditions of which were not disclosed.
Fairchild will record a $6 million charge in the fourth quarter related to the settlement and cross-license, the company said.
Shares of Fairchild were down 5 cents at $10.15 in extended trade. They closed at $10.20 Monday on the New York Stock Exchange.
(Reporting by Divya Sharma in Bangalore; Editing by Jarshad Kakkrakandy)
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