Applied Materials and Advanced Micro-Fabrication Equipment Settle Patent Dispute
Published on January 25, 2010 at 9:17 AM
Written by AZoM
Applied Materials, Inc. (Nasdaq:AMAT) and Advanced Micro-Fabrication Equipment, Inc. (AMEC) today jointly announced that they have settled all litigation between the respective companies and that all outstanding disputes have been resolved. Among other things, there was a dispute over the ownership of certain patent families filed by AMEC.
In the settlement the parties agreed that those patent families will be jointly owned. AMEC also made a payment to Applied Materials of an undisclosed amount, and in light of that, the parties agreed to collaborate on projects in the future.