Cree (Nasdaq: CREE) has prevailed in a patent dispute with Taiwan-based SemiLEDs.
The companies said Tuesday the4y had resolved the lawsuit with Cree receiving a “one-time payment” for past damages.
The amount was not disclosed.
SemiLEDs also can’t import products related to the case effective Oct. 1.
“The resolution emphasizes the breadth and importance of Cree’s patent portfolio and its determination to ensure that Cree’s intellectual property rights are respected,” said Julio Garceran, chief intellectual property counsel at Cree, in a statement.