TI to gain $70M in Conexant settlement

May 5, 2006 – Texas Instruments Inc. and Conexant Systems Inc. have settled a legal dispute stemming from digital subscriber line (DSL) technology, with Conexant paying $70 million for a licensing deal.

The dispute was inherited by Conexant’s acquisition of GlobespanVirata in 2004, which filed suit against TI in 2003; TI countersued for patent infringement, and a federal court in February ruled in favor of TI. The new licensing deal includes both products incorporating the disputed ASDL patents, and extends to include a license for VDSL products.

“Today’s agreement puts behind us a very complex dispute that most likely would have required considerable attention and expense for several more years,” said Dwight Decker, chairman and chief executive officer at Conexant, quoted by Reuters.

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