A brief joint press release stated: “Both companies expressed satisfaction with the terms of the settlement agreement, which are confidential.”
Broadcom recently sued Intel on allegations that Intel based its two of its products on confidential Broadcom chips that Intel obtained from a third party. The lawsuit claimed that Intel’s products would have been delayed by months or even years had it not stolen the designs of Broadcom. It also alleged that “smoking-gun e-mails” and testimony from Intel employees portrayed the world’s largest chip maker as “attempting to play ‘catch-up’ by any means necessary.”
The action followed a lawsuit brought by Intel alleging that Broadcom products infringed five Intel patents covering networking, chip packaging and video compression.