Thursday, May 4, 2006

Conexant to Pay $70 Million to Settle DSL Dispute with TI

Texas Instruments and Conexant Systems reached an agreement to end all ongoing litigation in the U.S. District Court in Trenton, New Jersey.

Conexant will pay TI $70 million cash in the second quarter of 2006. TI will grant Conexant a license to essential patents relating to DSL technology. The litigation, which commenced in 2003, arose out of patent license negotiations initiated by TI with Globespan Virata, a subsidiary of Conexant Systems.

In addition, the Conexant patent license with Texas Instruments was extended to include a fully paid-up license for VDSL products.


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