Info-tech

Use of IP: Sasken reaches settlement with Chinese vendor

Our Bureau Bengaluru | Updated on January 20, 2018 Published on March 14, 2016

Sasken Communication Technologies has reached a settlement in an ongoing matter pertaining to the unauthorised use of Sasken’s Protocol Stack IP by a Chinese semiconductor vendor.

As part of this settlement, the licensee will pay $45 million to the Bengaluru-based company as compensation, bringing to an end the ongoing arbitration and terminating all ongoing obligations of the parties under the relevant agreements, the company said in a filing to the exchanges.

Published on March 14, 2016
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