Elan Microelectronics, a Taiwanese chip and touch screen maker, says it has received $5 million from Apple in a patent infringement lawsuit settlement arranged out of court. This was first reported by Taiwanese media and later by Reuters.
In addition, Apple and Elan agreed to “exchange authorizations” to use each other’s patents, according to a statement from the Taiwanese chip designer.
Elan sued Apple over two of its touch-screen patents in April 2009, after reportedly trying to work out a licensing agreement with Apple for two years.
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Started by Steve Jobs, Steve Wozniak, and Ronald Wayne, Apple has expanded from computers to consumer electronics over the last 30 years, officially changing their name from Apple Computer, Inc. to Apple, Inc. in January 2007. Among the key offerings from Apple’s product line are: Pro line laptops (MacBook Pro) and desktops (Mac Pro), consumer line laptops (MacBook Air) and desktops (iMac), servers (Xserve), Apple TV, the Mac OS X and Mac OS X Server operating systems, the iPod, the...
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