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GlobalFoundries calls off the dogs to reach semiconductor patent sharing deal with TSMC

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Benny Parkhurst
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Just two months after GlobalFoundries started legal action against Taiwan Semiconductor Manufacturing Company (TSMC), the pair have reached a 10-year patent-sharing agreement.

To have ended any kind of corporate legal row in just two months is impressive, even more so when it involves fiendishly complex processor patent claims.

The pact dismisses all legal action between the duo, and they have also agreed "a broad life-of-patents cross-license to each other's worldwide existing semiconductor patents as well as those patents that will be filed during the next 10 years," a joint statement ventured.

Thomas Caulfield, GlobalFoundries CEO, said in a statement: "We are pleased to have quickly reached this settlement that acknowledges the strength of our respective intellectual property.

Today's announcement enables both of our companies to focus on innovation and to better serve our clients around the world."

Sylvia Fang, general counsel for TSMC, made similar remarks, saying the end of legal action would allow the company to focus on customers and "enabl[e] the entire semiconductor industry to thrive and prosper".

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Benny Parkhurst
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