Carlsbad-based MaxLinear Inc. and Austin, Texas-based Silicon Laboratories Inc. announced recently that they had settled all litigation between the two companies.
The firms, which both make integrated circuits, had accused each other of patent infringement.
The San Diego and Texas companies agreed to grant each other a license to their respective patent portfolios. In addition, the companies said they are entering a three-year deal not to sue each other.
MaxLinear (NYSE: MXL) said in a federal securities filing that it will pay Silicon Labs (Nasdaq: SLAB) $1.25 million in connection with the settlement agreement.
— SDBJ Staff Report