03 Aug 2018
Semtech settles HiLight lawsuit
Semtech has settled a lawsuit it filed against HiLight Semiconductor and is to be paid approximately $9 million to cover damages for claims, costs and attorneysâ€™ fees.
In 2016 Semtechâ€™s subsidiaries, EMEA Limited (â€śSemtechâ€ť) and Gennum UK Ltd., commenced legal proceedings in the English High Court against HiLight and various former Semtech employees subsequently employed by HiLight.
Semtech alleged that there had been a breach of various non-competition and/or non-solicitation obligations and that some intellectual property and other proprietary information had been taken from Semtech in breach of confidence and used that confidential information to design competing transimpedence amplifier (TIA) products for HiLight.
Mohan Maheswaran, Semtechâ€™s President and CEO, commented, â€ś We are pleased with the outcome of this lawsuit and are resolute in our belief that our innovation, intellectual property and trade secrets need to be vigorously protected across all regions of the world, and we will seek to defend the company against any unfair practices that we believe hurts our shareholder value.â€ť
In settlement of the claims, Semtech is to be paid approximately $9 million, of which Semtech already has received approximately $6.7 million.
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