Posted in | Business

Applied Materials and Advanced Micro-Fabrication Equipment Settle Patent Dispute

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.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback