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Article: SMIC Settles All Pending Lawsuits with TSMC: Anticipates No Disruption to Customers.
- Article from:
- PR Newswire
- Article date:
- November 10, 2009
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SHANGHAI, China, Nov. 10 /PRNewswire-Asia/ -- Semiconductor Manufacturing International Corporation (the "Company" or "SMIC") today announced that it entered into a settlement agreement with Taiwan Semiconductor Manufacturing Company, Ltd. (the "Acquiror" or "TSMC") to resolve all pending lawsuits between the parties, including the legal action filed by TSMC in California (the "California Case") for which a verdict was returned by the jury against SMIC on 4 November 2009 and the legal action filed by SMIC in Beijing (the "Beijing Case").
SETTLEMENT AGREEMENT
SMIC and TSMC have entered into a settlement agreement on 9 November 2009 to settle and dismiss ...