February, 22, 2024
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Apple to settle lawsuit with tech startup

Apple to settle lawsuit with tech startup

  • Apple and Rivos have agreed to settle a lawsuit concerning trade secrets theft.
  • The settlement allows Apple to examine Rivos’ systems for any confidential information.

WASHINGTON: Apple plans to settle a lawsuit that accused tech startup Rivos of stealing its trade secrets related to computer chip technology, according to a joint court filing on Friday in California federal court.

The companies told the US District Court for the Northern District of California that they had “signed an agreement that potentially settles the case,” and that the agreement allows Apple to examine Rivos’ systems and recover any confidential information.

Representatives for Apple and Rivos did not immediately respond to requests for comment and more information about the settlement.

Apple sued “stealth” startup Rivos in 2022. It said Mountain View, California-based Rivos 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.