Thursday, June 11, 2015 2:52:39 PM
Arima Communications settles licensing dispute with InterDigital
MOPS, June 11; Steve Shen, DIGITIMES [Thursday 11 June 2015]
Arima Communications has signed a settlement agreement and release of claims with the US-based InterDigital Group to end the licensing royalty disputes between the two companies, according to Arima's filing with the Taiwan Stock Exchange (TSE).
The settlement and the appropriation of licensing royalties will have no significant impact on the company's financial operations in 2015, Arima said in the filing.
Meanwhile, Arima has reported that it posted revenues of NT$1.16 billion (US$37.48 million) for May, decreasing 39.2% from a year earlier. Revenues for the first five months of 2015 amounted to NT$7.36 billion, down 33.6% on year.
The company also said it shipped 470,000 smartphones in May.
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