Germany's Infineon Technologies AG (IFX.XE) Monday said it has settled a patent infringement lawsuit with Fairchild Semiconductor International Inc (FCS).

MAIN FACTS:

-As part of the agreement, Fairchild will make payments to Infineon; the specific terms and conditions of the agreement are confidential.

-Infineon initiated the lawsuit in November 2008 in the U.S. District Court for the District of Delaware.

-The patents in the suit and counter suit consisted of fourteen patents related to super-junction power transistors along with trench power MOSFETs and IGBT power transistors.

-The lawsuit has been settled through a broad patent cross license relating to semiconductor technology.

-Infineon and Fairchild will inform the U.S. District Court, District of Delaware, that they had reached a settlement and will file a stipulation of dismissal.

-Infineon, a global leader in the semiconductor industry, is currently in patent licensing discussions with a number of semiconductor companies.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
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