Nathan Myhrvold’s Intellectual Ventures has reached its second settlement agreement in its case against manufacturers in the semiconductor industry.
Intellectual Ventures reached a similar settlement agreement in January with Microsemi, a maker of semiconductor systems for the communications, defense and aerospace industries.
Settlement terms were not revealed for today’s agreement. But Lattice Semiconductor, a Portland-based company that designs and develops programmable power and clock solutions, has agreed to license portions of Intellectual Ventures’ patent portfolio going forward.
“Lattice is the second company to reach a settlement agreement with IV in this case, and we continue to pursue productive discussions with the other defendants,” Melissa Finocchio, vice president and chief litigation counsel for Intellectual Ventures, said in a press release. “IV has dedicated considerable resources to building a portfolio of semiconductor assets and these settlements reinforce the quality of our patent portfolio.”
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.