IDT and Phison Electronics Settle Patent Litigation
SAN JOSE, Calif. – Integrated Device Technology, Inc. (IDT®; NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, and Phison Electronics Corp., a Taiwanese global market leader in flash and USB controller technology, announced today that they have reached a settlement of a patent infringement action brought by IDT in the United States District Court for the Northern District of California.
In the settlement, the terms of which are confidential, IDT licensed certain patents to Phison and the companies agreed to dismiss all claims and counterclaims in the litigation.
Integrated Device Technology, Inc., the Analog and Digital Company™, develops system-level solutions that optimize its customers’ applications. IDT uses its market leadership in timing, serial switching and interfaces, and adds analog and system expertise to provide complete application-optimized, mixed-signal solutions for the communications, computing and consumer segments. Headquartered in San Jose, Calif., IDT has design, manufacturing and sales facilities throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI.” Additional information about IDT is accessible at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, and YouTube.
About Phison Electronics
Founded in 2000, Phison Electronics is a market leader in NAND Flash controllers and applications including USB, SD, eMMC, PATA and SATA. In 2010, the company shipped over 500 million controllers worldwide. Phison is a total solution provider with expertise in IC design, product development and manufacturing. Additional information about Phison is available at www.phison.com.
IDT and the IDT logo are trademarks or registered trademarks of Integrated Device Technology, Inc. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
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