Credo Technology Group Holding Ltd (NASDAQ: CRDO) and TE Connectivity Corporation (NYSE: TEL) reached a license and settlement agreement relating to active electrical cable technology, according to a company statement.

The agreement resolves all pending lawsuits between the two companies, which will be dismissed. The terms of the settlement remain confidential.

Credo develops high-speed connectivity solutions for optical and electrical Ethernet applications, including products for 100G, 200G, 400G, 800G and 1.6T port markets. The company's products are based on proprietary Serializer/Deserializer and Digital Signal Processor technologies.

TE Connectivity operates as a global industrial technology company, providing connectivity and sensor solutions across various sectors including transportation, energy networks, automated factories and data centers.