Printer Friendly

Molex and Hon Hai Announce Litigation Settlement.

LISLE, Ill. & SANTA CLARA, Calif. -- Molex Incorporated (NASDAQ: MOLX)(NASDAQ: MOLXA) and Hon Hai Precision Industry Co., Ltd. and Foxconn Electronics, Inc. (collectively, "Hon Hai") announce the settlement of the litigation between them, pending in the United States District Court for the Northern District of Illinois, that included a dispute regarding the scope of a DisplayPort* Standard License Agreement. Neither party has admitted any wrongdoing with respect to the claims and counterclaims asserted in the litigation. As part of the settlement, Hon Hai has been granted a separate, worldwide, royalty-bearing license giving it the right to sell non-standard connectors using the DisplayPort* mating interface, and having a through-hole mounting interface.

No further information is available regarding the terms of the settlement.

About Hon Hai Precision Industry Co., Ltd

Hon Hai Precision Industry Co., Ltd., based in Taiwan, is one of the world's largest contract electronics manufacturers. It manufactures computer, consumer electronics, and communications products, including connectors, cable assemblies, enclosures, flat-panel displays, game consoles, motherboards, and servers. Hon Hai, doing business as Foxconn Technology Group, also provides design engineering and mechanical tooling services.

About Molex Incorporated

Molex Incorporated is a 71-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the company operates 43 manufacturing locations in 18 countries. The Molex website is www.molex.com.

*DisplayPort is a trademark of the Video Electronics Standards Association

Molex is a registered trademark of Molex Incorporated.
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1U3IL
Date:Oct 21, 2009
Words:239
Previous Article:Aberdeen Group Analyzes IT GRC Performance Based on US Leading Organizations' Practices.
Next Article:SCVBank Reports Third Quarter Results.
Topics:


Related Articles
New jobs in pounds 15m injection.
P-two becomes Quanta's major supplier of NB connectors.
Taiwan's leading electronics makers may jointly tap China's auto electronic market.
Hon Hai's Foxsemicon begins shipping solar-energy equipment.
Opto tech to benefit from CMO- Innolux merger.

Terms of use | Copyright © 2015 Farlex, Inc. | Feedback | For webmasters