Apple and HTC announced a wide-reaching patent licensing agreement this evening that includes settling all current litigation between the two companies.
The terms of the settlement include a 10-year joint licensing agreement for all current and future patents from both companies, according to a brief statement issued this evening. Financial terms of the settlement were not released.
The chief executives of both companies issued statements welcoming the settlement.
"We are glad to have reached a settlement with HTC," Apple CEO Tim Cook said in a statement, while HTC CEO Peter Chou said, "HTC is pleased to have resolved its dispute with Apple."
The legal dispute between the two companies began in March 2010, when Apple filed a complaint against HTC with the U.S. International Trade Commission, saying the Taiwan-based company violated 10 of its patents. owever, an administrative judge with the ITC -- federal agency with the power to enforce bans on products shipping to the U.S. -- found only two violations in June 2011.
Two months after Apple's complaint, HTC accused Apple of infringing on five patents related to its mobile technology and asked the ITC to ... [Read more]
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