• Fri. Mar 1st, 2024

Apple and Rivos reach agreement to settle trade secrets lawsuit: What it means for the future of personal computing innovation

ByEditor

Feb 11, 2024
Apple to reach settlement in trade secrets lawsuit with chip startup Rivos | Tech News

In 2022, Apple accused Rivos of stealing its trade secrets related to computer-chip technology. SoCs, or integrated circuits with multiple computer components in a single chip, are at the heart of Apple’s personal and mobile computing innovations. The company claimed to have invested billions of dollars and over a decade of research into its SoC designs, which have revolutionized the industry.

Rivos denied the allegations and countered with a lawsuit accusing Apple of unfair competition. The startup claimed that Apple was trying to punish it and any employees who left the company to join Rivos. However, in recent news, representatives for both companies announced that they had reached an agreement potentially settling the case. Under the terms of the settlement, Apple will be allowed to examine Rivos’ systems and recover any confidential information that may have been stolen.

The settlement comes after Apple settled related claims against six former employees who left the company to join Rivos last month. The lawsuit and settlement highlight the intense competition and disputes that often arise in the fast-paced world of technological innovation. While both companies remain tight-lipped about the specifics of the settlement, it is clear that this case has had significant implications for both companies’ futures in the tech industry.

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