Prior to this, Apple filed a lawsuit against Rivos, a startup specializing in chip design, in 2022, alleging that they had hired former Apple employees and stolen confidential trade information. However, recent developments indicate that negotiations have taken place.
According to court documents from the Northern California District, Apple and Rivos have reached a settlement agreement that could lead to the dismissal of the lawsuit. Rivos has agreed to allow Apple to examine their system design and various operations.
While Apple accused Rivos of hiring employees and stealing trade secrets, Rivos retaliated by filing a countersuit, stating that Apple was trying to prevent former employees from easily transitioning to new companies. This is seen as a way for Apple to stifle competition in the market.
Currently, the case is temporarily suspended, and both companies are expected to reach a resolution by March 15th.
TLDR: Apple and Rivos have engaged in negotiations to potentially resolve their legal dispute. Apple accused Rivos of employee poaching and trade secret theft, while Rivos claimed that Apple was hindering employee mobility. Both parties are working towards a settlement, with a deadline set for March 15th.
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