Conexant, Texas Instruments Settle Patent, Antitrust Claims

Law360, New York (May 5, 2006, 12:00 AM EDT) -- Integrated circuitry maker Conexant Systems Inc. will pay Texas Instruments Inc. $70 million to settle a two-year-old patent infringement battle that included allegations of widespread antitrust violations.

In exchange, Texas Instruments will grant licenses to Conexant for patents pertaining to digital subscriber line (DSL) technology. The $70 million dollar payment will be remitted in the second quarter of 2006.

In a press release issued by his company, Dwight Decker, Conexant’s chairman and chief executive officer, said that he was glad to find a resolution to the...
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