INTEL: Intel and STMicroelectronics sign new patent cross-license agreement.

0 Comments | M2 Presswire, February, 1999

M2 PRESSWIRE-26 February 1999-INTEL: Intel and STMicroelectronics sign new patent cross-license agreement (C)1994-99 M2 COMMUNICATIONS LTD RDATE:240299 SANTA CLARA, Calif. -- Intel Corporation and STMicroelectronics, NV today announced the signing of a broad, worldwide, cross-license agreement that allows each company to use intellectual property covered by the other's patents.

The new agreement replaces an existing license agreement originally signed between Intel and Mostek Corporation in 1977. STMicroelectronics, Inc., the U.S. subsidiary of STMicroelectronics, NV, eventually acquired Mostek's rights through a series of merger and acquisition transactions. The new agreement, which does not involve any financial transaction between the two companies,...