Apple to pay Elan $5 million in patent settlement

Elan Microelectronics has said that Apple will pay the company $5 million as part of a settlement in a patent infringement case. Reuters reports that according to Elan’s statement, the two companies will also exchange authorizations to use each other’s patents. Elan sued Apple in the U.S. in 2009 over two patents related to multi-touch technology, leading to a countersuit from Apple later that year.

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