Nathan Myhrvold’s Intellectual Ventures has entered into a settlement agreement with Microsemi, resolving the patent suit that it filed against the company in December 2010. Settlement terms were not revealed. But Microsemi, a maker of semiconductor systems for the communications, defense and aerospace industries, has agreed to license portions of Intellectual Ventures’ patent portfolio going forward.
Intellectual Ventures continues to pursue its claims against the other defendants named in the suit, including Alterra and Lattice Semiconductor.
“In the past 12 years, IV has assembled a world-class patent portfolio and this settlement is further confirmation of the strength of our assets” said Melissa Finocchio, vice president and chief litigation counsel for Intellectual Ventures.
Last fall, Intellectual Ventures announced legal settlements with SK hynix and Elpida Memory, makers of memory used in computers and gadgets. Those deals marked the first major legal settlements for Bellevue-based Intellectual Ventures.