Monday, February 26, 2024
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HomeTechnologyApple is settling a 2022 chip secrets theft case against startup Rivos...

Apple is settling a 2022 chip secrets theft case against startup Rivos | World News – Business Standard


By Raquel Graf

Apple Inc. said it has reached a settlement that potentially resolves its 2022 lawsuit that accuses startup Rivos Inc. of poaching engineers to steal trade secrets.

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In a joint court filing Friday, the companies told a judge they aim to finalize an agreement resolving their mutual claims by March 15.

“The agreement provides for the remediation of Apple’s confidential information based on a forensic examination of Rivos’ systems and other activities,” according to the filing in federal court in San Jose, California. “The parties are currently working through that process.”

The dispute began when Apple sued former employees who went to Rivos, accusing them of working with the startup “in stealth mode” to obtain proprietary information about chip designs that make iPhones more powerful, whose development, according to the tech giant, It cost him billions of dollars. . In September, Rivos hit back at Apple for allegedly using illegal measures to intimidate employees “who might dare to leave.”

Representatives for Apple and Rivos did not immediately respond to requests for comment.

The case is Apple Inc. v. Rivos Inc., 22-cv-2637, U.S. District Court, Northern District of California (San Jose).



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