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Apple pays $5 million to settle Elan patent lawsuit

If patent infringement lawsuits are the soap operas of the tech industry, the news that Apple has paid out $5 million as part of a settlement to Taiwanese company Elan Microelectronics might qualify as a “shocking twist.”


In addition to the $5 million payday, the settlement also gives Elan and Apple the ability to use each other’s patents—an agreement that is potentially far more valuable than the sheer monetary award, which comes to a tiny fraction of a percent of Apple’s extensive cash holdings. Rumors of a settlement first surfaced early last year, with Elan denying it had received a $100 million proposal from Apple.



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