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Fairchild Semiconductor reports it has settled a patent lawsuit it filed against Infineon Technologies AG, and entered into a cross-licensing agreement with the company.
Terms of the settlement were not disclosed, but Fairchild (NYSE: FCS) said it will record a $6 million charge in the fourth quarter related to the settlement and cross-license.
The suit, which was filed in the Maine and Delaware districts of the U.S. District Court, alleged Germany-based Infineon’s CoolMOS and OptiMOS branded power management products infringe on “one or more of eight Fairchild patents.”
The two companies filed patent infringement lawsuits against each other in Maine and Delaware courts in November, 2008. The companies had been engaged in cross-license negotiations, but the talks escalated into litigation.
South Portland, Maine-based Fairchild reported a net income of $2.7 million on revenue of $331.8 million for the quarter ended Sept. 27, 2009.
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