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TSMC, GlobalFoundries settle patent dispute

FILE PHOTO: the logo of Taiwan Semiconductor Manufacturing Co. (TSMC), is seen at the company headquarters in Hsinchu, Taiwan-August 31, 2018. REUTERS/Tyrone Siu

(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.T), and the smaller the contract chipmaking rival GlobalFoundries Inc. on Monday agreed to dismiss all patent litigation between them, and the ones that engage with their customers.

TSMC and GlobalFoundries will be cross-licensing each other’s patents as well as patents to be filed over the next ten years, the companies said in a joint statement.

The U.S.-based GlobalFoundries charged with TSMC in August, and it had been stated, Apple’s (AAPL.(O) and Qualcomm Inc (QCOM.(O) in the Alphabet, Inc. ‘ s (GOOGL.(O), Google, and Nvidia Corp (NVDA.O), Lenovo Group (0922.HK) and Taiwan’s MediaTek Inc. (2454.WATER is among TSMC customers will be affected by the symptoms.

TSMC, the world’s largest contract chipmaker, counter-sued earlier this month, said the U.S. company may have violated 25 of the patents.

Reporting by Supantha Mukherjee in Bengaluru; Editing by shailesh Kuber

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