Apple to reach settlement in trade secrets lawsuit with chip startup Rivos | Tech Industry Updates

Apple and Rivos Reach Settlement in Lawsuit Over SoC Technology Trade Secrets

Apple has reached a settlement with tech startup Rivos in a lawsuit that accused the company of stealing trade secrets related to computer-chip technology. The joint court filing was made in California federal court on Friday. According to the filing, the companies had signed an agreement that potentially settles the case. Under this agreement, Apple will be allowed to examine Rivos’ systems and recover any confidential information.

Apple initially sued “stealth” startup Rivos in 2022, alleging that the company had hired away dozens of its engineers and used its confidential information to develop competing “system-on-chip” (SoC) technology. SoCs are integrated circuits with several computer components in a single chip, including central processing units and graphic processing units. Apple claimed that it had spent billions of dollars and over a decade of research on its SoC designs, and that they have “revolutionized the personal and mobile computing worlds.”

However, Rivas denied these allegations and countered that Apple had “sought to punish Rivas and any Apple employees who may seek to work there since the moment Apple learned about the promising startup.” Rivas filed a countersuit against Apple last September for unfair competition. In addition to this settlement, Apple also settled related claims in the case last month against six former employees who left the company to join Rivas.

Representatives for both companies did not immediately respond to requests for comment or additional information about the settlement terms.

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