Mergers and Acquistions News
Categories: Semi-Conductors
January 25th 2011, 16:53PM
Technology patent licensing company WiLAN has announced that Realtek Semiconductor Corporation will sign a multi-year licence to use the Canadian firm's products.
Financial terms have not been disclosed.
WiLAN announced that both firms have signed a memorandum of understanding, with a final definitive agreement to be reached within the next few weeks.
Founded in 1992, WiLAN has licensed its intellectual property to more than 240 companies worldwide. Its inventions have been used by companies that sell products such as 3G cellular headsets, wi-fi-enabled laptops and digital television receivers.
Based in Taiwan, Realtek was formed in 1987 and is now one of the leading integrated circuit design firms in the world.
According to the Ottawa Business Journal, WiLAN has been involved in several patent settlements recently, including one with Intel. On February 2nd, the firm is expected to appear in court to argue that some firms have used its wireless patents without its permission.
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