Applied Materials Inc. (AMAT) and Advanced Micro-Fabrication Equipment Inc. or AMEC announced that they have settled all litigation between the respective companies and that all outstanding disputes have been resolved.
Among other things, there was a dispute over the ownership of certain patent families filed by AMEC. In the settlement the parties agreed that those patent families will be jointly owned.
AMEC also made a payment to Applied Materials of an undisclosed amount, and in light of that, the parties agreed to collaborate on projects in the future.
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