Integrated Device Technology, Inc. ( IDT ®) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced that ITE Tech Inc., a leading Taiwanese IC design company, has executed a patent license agreement for use of certain IDT timing patents. ITE proactively approached IDT to license required IDT solid-state oscillator patents to strengthen the competitiveness of ITE’s integrated USB 2.0 flash drive controller.
“We are pleased to see ITE acknowledge the use of and contractually license our IP,” said Fred Zust, vice president and general manager of the Timing and Synchronization Division at IDT. “As demonstrated with the Phison patent litigation and settlement, IDT will actively seek and rectify patent infringements related to our solid-state oscillator IP. We encourage companies who feel that they may be infringing on our patents to step forward so that we may come to an agreement.”
“It became clear that some portions of IDT’s timing IP will be essential for USB controllers, and licensing the patents was the right thing to do for our customers and shareholders,” said Chanson Lin, general manager of BU1 (business unit 1) at ITE. “We approached IDT with our concerns and worked together to craft an agreement that ensured the continued success of both parties.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV