EDA software providers Synsopsys Inc. (Mountain View, Calif.) and Magma Design Automation Inc. (San Jose, Calif.) have said they have agreed to settle all pending litigation between them. As part of the deal Magma has agreed to make a payment to Synopsys of $12.5 million. The companies have also agreed to cross-license patents that had been at issue between them and drop claims in both California and Delaware. In addition, the two companies said that have agreed not to initiate future patent litigation against each other for 2 years provided certain terms are met. The terms were not disclosed.

Posted by GEN-ERIC at 02:22:51 am into the following categories: In The News

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