TSMC, GlobalFoundries settle patent disputes

(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TW:) and smaller contract chipmaking rival GlobalFoundries Inc on Monday agreed to dismiss all patent litigations between themselves and those that involve their customers.

TSMC and GlobalFoundries will cross-license each other’s patents as well as those patents that will be filed during the next ten years, the companies said in a joint statement.

U.S.-based GlobalFoundries sued TSMC in August and had listed Apple (O:), Qualcomm Inc (O:), Alphabet Inc’s (O:) Google, Nvidia Corp (O:), Lenovo Group (HK:) and Taiwan’s MediaTek Inc (TW:) among TSMC customers affected by the complaints.

TSMC, the world’s largest contract chipmaker, counter-sued earlier this month saying the U.S. firm has infringed 25 of its patents.

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