Broadcom, Intel Settle All Litigation, Execute Patent Cross-License

Broadcom and Intel settled all outstanding litigation between the companies and announced a patent cross-licensing agreement. Under the settlement agreement, Broadcom will pay Intel $60 million in cash. All outstanding claims and counterclaims in those actions will be dismissed. The cross-license agreement covers patents owned or controlled by either party or its subsidiaries, and having a first effective filing date, at any time through 07-August-2008. Under the agreement, products of each party and its subsidiaries are licensed under the patents of the other for the respective lives of the patents. All existing products of each party are licensed by the other. Certain proprietary products of each party are not licensed to the other.
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