News Article
GigOptix and MACOM finally bury the hatchet
MACOM has agreed to make a one-time settlement payment of $7.25 million to GigOptix and each company has agreed to dismiss all suits against the other
M/A-COM Technology Solutions Holdings, Inc. (MACOM) and GigOptix, Inc., have agreed to a global settlement of all pending lawsuits between them.
The first lawsuit was filed by GigOptix last year against MACOM subsidiary Optomai, Inc. The filing related to three former employees of GigOptix who founded Optomai, Vivek Rajgarhia, Vikas Manan and Stefano D'Agostino, and MACOM, in Santa Clara County, for alleged misappropriation of trade secrets and breach of contract. MACOM then hit back with a counterclaim in the Northern District of California, alleging that GigOptix' polymer technology was infringing on two patents in which MACOM claims rights.
The parties have agreed to file joint requests with the relevant courts to fully and finally dismiss both cases, with prejudice.
MACOM has agreed to make a one-time settlement payment of $7.25 million to GigOptix concurrently with the filing of the dismissals, which are expected to take place next week. Neither party admits liability to the other, and each side is satisfied with the confidential settlement reached between the parties.
MACOM is a supplier of high performance RF, microwave, and millimetre wave products while GigOptix is a supplier of advanced semiconductor and optical communications components.
