Applied Materials and Therma-Wave Settle Lawsuit
SANTA CLARA, Calif.--(BUSINESS WIRE)--July 18, 2003--Applied Materials, Inc. (Nasdaq: AMAT) announced today that it has settled a patent infringement lawsuit between Therma-Wave and Boxer-Cross, Inc., a wholly owned subsidiary of Applied Materials. Under the settlement, Therma-Wave will dismiss its pending patent infringement claims against Boxer Cross with prejudice. Boxer Cross will dismiss its pending patent infringement claims against Therma-Wave without prejudice and will dismiss its pending state law claims with prejudice. Other terms of the agreement were not disclosed.
"We are pleased that we could resolve our dispute with Therma-Wave on mutually agreeable terms," said Joseph J. Sweeney, group vice president, Legal Affairs and Intellectual Property. "Boxer Cross has developed a strong intellectual property portfolio to support its pioneering technology and Applied Materials will continue to vigorously protect its proprietary in-line electrical measurement technologies."
Founded in 1997, Boxer Cross pioneered a new type of in-line monitoring systems that provides users with critical electrical measurement data for controlling semiconductor processes. Boxer Cross was acquired by Applied Materials, Inc. on April 17, 2003.
Applied Materials (Nasdaq:AMAT), the largest supplier of products and services to the global semiconductor industry, is one of the world's leading information infrastructure providers. Applied Materials enables Information for Everyone(TM) by helping semiconductor manufacturers produce more powerful, portable and affordable chips. Applied Materials' web site is www.appliedmaterials.com.
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SOURCE: Applied Materials, Inc.