Applied Materials (NASDAQ:AMAT) said today it has settled a dispute with Samsung Electronics, regarding the alleged acquisition, misappropriation and misuse of Samsung confidential semiconductor information in Korea. The settlement resolves potential civil claims and removes the risk of civil litigation between the parties related to the matter.
The agreement is effective for three years, and gives volume-based rebates and incentives on purchases Applied Materialsí semiconductor products by Samsung and its affiliates.
Applied Materials shares are trading down 1% Tuesday.
The stock is 7.43% of the iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX), and is the third-largest holding in the fund.
Broadcom (NASDAQ:BRCM) is the top stock in the fund, at 9.22% of the holdings, followed by Texas Instruments (NASDAQ:TXN), at 8.58% of the fund.
Intel (NASDAQ:INTC) is 7.43% of the portfolio, and Marvell Technology (MRVL) is 6.39%.
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