BELLEVUE, Wash. and HILLSBORO, Ore. – Intellectual Ventures (IV®) and Lattice Semiconductor Corporation announced today that Lattice will become a licensee to segments of IV’s patent portfolio of nearly 40,000 IP assets. As a result of the licensing arrangement, IV and Lattice have reached a settlement agreement and resolved all pending patent infringement litigation.
According to Intellectual Ventures, Lattice was one of four companies ultimately named as a defendant in IV’s patent infringement action originally filed in December 2010 in the US District Court for the District of Delaware. This suit involved manufacturers of field-programmable gate arrays, and due to the settlement agreement, IV will file a motion to dismiss all pending litigation against Lattice.
“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,” said Melissa Finocchio, vice president and chief litigation counsel for Intellectual Ventures. “IV has dedicated considerable resources to building a portfolio of semiconductor assets and these settlements reinforce the quality of our patent portfolio.”
Intellectual Ventures engages with companies of all sizes to meet their current business needs and provide strategic guidance on forward-thinking intellectual property. IV combines scale and expertise to structure sophisticated deals designed to help companies strengthen their market position by reducing their current risk and providing access to the invention rights they need to stay competitive.
Founded in 2000, Intellectual Ventures (IV) is the global leader in the business of invention. IV collaborates with leading inventors, partners with pioneering companies and invests both expertise and capital in the process of invention. IV’s mission is to energize and streamline an invention economy that will drive innovation around the world.