Create a free Manufacturing.net account to continue

3Com Gets $70 Million Patent Settlement

Provider of networking solutions will receive $70 million from Realtek Semiconductor to settle a patent dispute.

MARLBOROUGH, Mass. (AP) -- 3Com Corp., a provider of networking solutions, said Monday it will receive $70 million from Realtek Semiconductor Corp., to settle a patent dispute.

In April, a district court in California awarded 3Com $45.3 million for past infringement by Realtek.

Since then, 3Com and Realtek reached an agreement, whereby the lawsuit and decision will be dismissed and Realtek will now be able to use the patents and related technology under a licensing agreement.

More in Industry 4.0