Intel And National Semiconductor Settle Cyrix Lawsuit; Extend Patent Cross-License Agreement
SANTA CLARA, Calif., Feb. 3, 1998 -- Intel Corporation (NASDAQ: INTC) and National Semiconductor Corporation (NYSE: NSM) today announced they have settled a patent infringement lawsuit and extended the term of the existing patent cross-license agreement between the two companies.
The settlement dismisses a patent infringement lawsuit filed by Cyrix Corporation against Intel in May 1997. Cyrix became a wholly owned subsidiary of National Semiconductor on Nov. 17, 1997.
Under the settlement, Intel and National agreed to extend the term of their long-standing broad patent cross-license. Other terms of the settlement were not disclosed.
National Semiconductor Corporation, a Fortune 500 company, produces system on a chip silicon solutions for the information highway, based on its leadership in analog and mixed signal technologies. National is headquartered in Santa Clara, Calif., and focuses on the communications, personal systems, and consumer marketplace. National has annual sales of approximately $2.5 billion and 13,000 employees worldwide. Additional company and product information is available on the World Wide Web at www.national.com.
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