(Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TW:2330) and smaller contract chipmaking rival GlobalFoundries Inc on Monday agreed to dismiss all patent litigations between themselves and those that involve their customers.
TSMC and GlobalFoundries will cross-license each other's patents as well as those patents that will be filed during the next ten years, the companies said in a joint statement.
U.S.-based GlobalFoundries sued TSMC in August and had listed Apple (O:AAPL), Qualcomm Inc (O:QCOM), Alphabet Inc's (O:GOOGL) Google, Nvidia Corp (O:NVDA), Lenovo Group (HK:0922) and Taiwan's MediaTek Inc (TW:2454) among TSMC customers affected by the complaints.
TSMC, the world's largest contract chipmaker, counter-sued earlier this month saying the U.S. firm has infringed 25 of its patents.