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Apple Settles Patent Suit From Elan Out Of Court, Coughs Up $5 Million

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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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