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.
http://www.ti.comhttp://www.conexant.com
