ITE Tech Inc. Executes Licensing Agreement with IDT for Use of Certain Solid-state Oscillator Patents Required in the Design of their Integrated USB 2.0 Flash Drive Controller
SAN JOSE, Calif. — (BUSINESS WIRE) — August 2, 2012 — Integrated Device Technology, Inc. ( IDT®) (NASDAQ: IDTI), the Analog and Digital Company™ delivering essential mixed-signal semiconductor solutions, today announced that ITE Tech Inc., a leading Taiwanese IC design company, has executed a patent license agreement for use of certain IDT timing patents. ITE proactively approached IDT to license required IDT solid-state oscillator patents to strengthen the competitiveness of ITE’s integrated USB 2.0 flash drive controller.
“We are pleased to see ITE acknowledge the use of and contractually license our IP,” said Fred Zust, vice president and general manager of the Timing and Synchronization Division at IDT. “As demonstrated with the Phison patent litigation and settlement, IDT will actively seek and rectify patent infringements related to our solid-state oscillator IP. We encourage companies who feel that they may be infringing on our patents to step forward so that we may come to an agreement.”
“It became clear that some portions of IDT’s timing IP will be essential for USB controllers, and licensing the patents was the right thing to do for our customers and shareholders,” said Chanson Lin, general manager of BU1 (business unit 1) at ITE. “We approached IDT with our concerns and worked together to craft an agreement that ensured the continued success of both parties.”
Integrated Device Technology, Inc., the Analog and Digital Company™, develops system-level solutions that optimize its customers’ applications. IDT uses its market leadership in timing, serial switching and interfaces, and adds analog and system expertise to provide complete application-optimized, mixed-signal solutions for the communications, computing and consumer segments. Headquartered in San Jose, Calif., IDT has design, manufacturing and sales facilities throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “ IDTI.” Additional information about IDT is accessible at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, and YouTube.
ITE Tech. Inc. (abbreviated as ITE ) is a professional fabless IC design house, established in 1996 and headquartered in Hsinchu Science Park. ITE started from the development of PC and NB Controller chips in the early years and takes the global lead in Super I/O as well as Keyboard and Embedded Controller technology. Following steady growth of PC and NB controller chips, ITE gradually expands in the product line and technology field. Currently there are many excellent engineers with specialty in software/hardware development on PC/NB Controller, Flash Controller, Digital TV Receiver Controller, Multimedia Controller, and Analog IC as well as marketing talents.
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