Molex and Hon Hai Announce Litigation Settlement

October 21, 2009 6:12 PM EDT

LISLE, Ill. & SANTA CLARA, Calif.--(BUSINESS WIRE)-- Molex Incorporated (NASDAQ: MOLX)(NASDAQ: MOLXA) and Hon Hai Precision Industry Co., Ltd. and Foxconn Electronics, Inc. (collectively, "Hon Hai") announce the settlement of the litigation between them, pending in the United States District Court for the Northern District of Illinois, that included a dispute regarding the scope of a DisplayPort* Standard License Agreement. Neither party has admitted any wrongdoing with respect to the claims and counterclaims asserted in the litigation. As part of the settlement, Hon Hai has been granted a separate, worldwide, royalty-bearing license giving it the right to sell non-standard connectors using the DisplayPort* mating interface, and having a through-hole mounting interface.

No further information is available regarding the terms of the settlement.

About Hon Hai Precision Industry Co., Ltd

Hon Hai Precision Industry Co., Ltd., based in Taiwan, is one of the world's largest contract electronics manufacturers. It manufactures computer, consumer electronics, and communications products, including connectors, cable assemblies, enclosures, flat-panel displays, game consoles, motherboards, and servers. Hon Hai, doing business as Foxconn Technology Group, also provides design engineering and mechanical tooling services.

About Molex Incorporated

Molex Incorporated is a 71-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the company operates 43 manufacturing locations in 18 countries. The Molex website is www.molex.com.

*DisplayPort is a trademark of the Video Electronics Standards Association

Molex is a registered trademark of Molex Incorporated.

    Source: Molex Incorporated

Related Categories

Press Releases

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?