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Apple Settles Patent Suit with Taiwanese Company (AAPL)

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By Paul Ausick Published

Taiwanese chip maker Elan Microelectronics Corp. has settled a patent dispute with Apple Inc. (NASDAQ: AAPL). According to Elan, Apple will pay the company $5 million and the two will sign a cross-licensing agreement on the disputed patents.

The settlement stems from a ruling by the US International Trade Commission in which the two companies accused each of infringing two patents. The ITC ruled in June that Apple had violated one of Elan’s claims, and that is what eventually led to the settlement.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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