Update: Applied Optoelectronics Says it Reaches Settlement With Molex Regarding Patent Infringement Dispute-February 2024-www.financetom.com

Update: Applied Optoelectronics Says it Reaches Settlement With Molex Regarding Patent Infringement Dispute

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Update: Applied Optoelectronics Says it Reaches Settlement With Molex Regarding Patent Infringement Dispute

Jun 24, 2024 7:21 AM

09:53 AM EDT, 06/24/2024 (MT Newswires) -- (Updates with Molex's response in the fourth paragraph.)

Applied Optoelectronics ( AAOI ) said Friday it has reached a settlement with Molex regarding their patent infringement dispute and related litigation.

"We are pleased to have reached an agreement with Molex. Both of our companies value patent protection and are committed to respecting the intellectual property of others," Applied Optoelectronics ( AAOI ) President and Chief Executive Thompson Lin said.

Settlement details weren't disclosed.

Molex declined MT Newswires' request for comment.

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