Fairchild Semiconductor International Inc. (NYSE: FCS) said Tuesday that the company it has signed a cross-licensing agreement with German rival Infineon Technologies AG after settling its legal dispute over patent rights.
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Fairchild said it will take a $6 million charge in the fourth quarter related to the deal. Infineon said it will get payments from Fairchild as a part of the settlement but did not give specific figures.
No further financial details were disclosed.
Fairchild and Infineon sued each other in Maine and Delaware courts in November of last year, alleging infringement on 14 different patents pertaining to chip technology.
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