10:34 AM EDT, 08/26/2025 (MT Newswires) -- (Updates with Volex's confirmation throughout the story and the latest stock movement in the fourth paragraph.)

Credo Technology Group ( CRDO ) and Volex said Tuesday they have reached a license and settlement deal regarding Credo's patents covering its active electrical cable technology.

Financial terms were not disclosed.

The lawsuit between the companies will now be dismissed, the parties added.

Credo shares were up 3.4% in recent Tuesday trading.

Price: 119.35, Change: +3.94, Percent Change: +3.41