Apple to settle trade secrets lawsuit with chip startup Rivos

Share via:


Apple has decided to settle with the chip startup Rivos, two years after first suing the company for stealing trade secrets. According to a filing released on Friday, Rivos and Apple informed a judge that they are planning to finalize a settlement by March 15.

Apple sued the “stealth-mode” startup in May 2022, accusing Rivos of poaching engineers with access to secret company information. Apple’s lawsuit claimed that former employees stole proprietary information at the request of Rivos as part of the recruiting process.

“Starting in June 2021, Rivos began a coordinated campaign to target Apple employees with access to Apple proprietary and trade secret information about Apple’s SoC designs,” Apple says in the complaint. According to Apple, the engineers stole “gigabytes of sensitive System-on-a-Chip specifications and design files.”

Rivos then fired back with its own lawsuit against Apple in September 2023, accusing it of using intimidation and other tactics to deter its engineers from leaving.

In a filing spotted by Bloomberg on Friday, Apple and Rivos said that they plan to settle the lawsuit and are working towards finalizing their agreement now:

“The agreement provides for remediation of Apple confidential information based on a forensic examination of Rivos systems and other activities,” according to the filing in federal court in San Jose, California. “The parties currently are working through that process.”

In April 2023, Apple quietly withdrew a lawsuit it filed against former executive Gerard Williams III, who was described as critical to the development of the high-performance A-series and M-series Apple Silicon chips. Williams had left Apple in 2019 to start a server chip startup Nuvia, which was acquired by Qualcomm in 2021.

FTC: We use income earning auto affiliate links. More.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Apple to settle trade secrets lawsuit with chip startup Rivos


Apple has decided to settle with the chip startup Rivos, two years after first suing the company for stealing trade secrets. According to a filing released on Friday, Rivos and Apple informed a judge that they are planning to finalize a settlement by March 15.

Apple sued the “stealth-mode” startup in May 2022, accusing Rivos of poaching engineers with access to secret company information. Apple’s lawsuit claimed that former employees stole proprietary information at the request of Rivos as part of the recruiting process.

“Starting in June 2021, Rivos began a coordinated campaign to target Apple employees with access to Apple proprietary and trade secret information about Apple’s SoC designs,” Apple says in the complaint. According to Apple, the engineers stole “gigabytes of sensitive System-on-a-Chip specifications and design files.”

Rivos then fired back with its own lawsuit against Apple in September 2023, accusing it of using intimidation and other tactics to deter its engineers from leaving.

In a filing spotted by Bloomberg on Friday, Apple and Rivos said that they plan to settle the lawsuit and are working towards finalizing their agreement now:

“The agreement provides for remediation of Apple confidential information based on a forensic examination of Rivos systems and other activities,” according to the filing in federal court in San Jose, California. “The parties currently are working through that process.”

In April 2023, Apple quietly withdrew a lawsuit it filed against former executive Gerard Williams III, who was described as critical to the development of the high-performance A-series and M-series Apple Silicon chips. Williams had left Apple in 2019 to start a server chip startup Nuvia, which was acquired by Qualcomm in 2021.

FTC: We use income earning auto affiliate links. More.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

New UK crypto regulations will include stablecoins and staking...

The U.K. is set to create an all-encompassing...

IIT Bombay’s Incubator To Float INR 100 Cr Tech-Focused...

SUMMARY The fund aims to invest in 1,000 startups...

BlackBuck Shares End Debut Session 4.7% Below IPO Price

SUMMARY Shares of BlackBuck closed the session at INR...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!