Applied Materials and Advanced Micro-Fabrication Equipment, Inc. Jointly Announce Settlement
Applied Materials and Advanced Micro-Fabrication Equipment, Inc. Jointly Announce Settlement
Jan 21, 2010 at 12:06 PM EST
SANTA CLARA, Calif., Jan 21, 2010 (BUSINESS WIRE) -- Applied Materials, Inc. (Nasdaq:AMAT) and Advanced Micro-Fabrication Equipment, Inc. (AMEC) today jointly announced that they have settled all litigation between the respective companies and that all outstanding disputes have been resolved. Among other things, there was a dispute over the ownership of certain patent families filed by AMEC. In the settlement the parties agreed that those patent families will be jointly owned. AMEC also made a payment to Applied Materials of an undisclosed amount, and in light of that, the parties agreed to collaborate on projects in the future.
Howard Clabo, 408-748-5775 (editorial/media)
Michael Sullivan, 408-986-7977 (financial community)
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in Nanomanufacturing Technology(TM) solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. At Applied Materials, we apply Nanomanufacturing Technology to improve the way people live. Learn more at http://www.appliedmaterials.com.
SOURCE: Applied Materials, Inc.
Applied Materials, Inc.Howard Clabo, 408-748-5775 (editorial/media)
Michael Sullivan, 408-986-7977 (financial community)