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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.