Fairchild Semiconductor and Infineon Reach Patent Settlement and Enter into Cross-License

Fairchild Semiconductor (NYSE: FCS), a leading global supplier of high performance products to drive energy-efficiency, announced it has settled patent lawsuits with Infineon Technologies. The company also announced it had entered into a broad cross-license with Infineon related to semiconductor technology, the terms and conditions of which were not disclosed.
  
The two companies filed patent infringement lawsuits against each other in Maine and Delaware courts in November, 2008.
  
Fairchild said it will record a $6 million charge in the fourth quarter related to the settlement and cross-license.