Apple Settles Patent Suit From Elan Out Of Court, Coughs Up $5 Million

Elan Microelectronics, a Taiwanese chip and touch screen maker, says it has received $5 million from Apple in a patent infringement lawsuit settlement arranged out of court. This was first reported by Taiwanese media and later by Reuters. In addition, Apple and Elan agreed to "exchange authorizations" to use each other's patents, according to a statement from the Taiwanese chip designer.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/HXk_1xhNXl8/

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