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(Reuters) – ASML Holding NV, a Dutch manufacturer of chip equipment, announced on Saturday that a US court had rendered its final judgment in favor of ASML in a case of intellectual property theft against the US manufacturer of Xtal software.
The Santa Clara County Superior Court has awarded $ 845 million to LSML as well as an injunction, ASML said.
The Dutch-based company said the judgment would be irrecoverable because Xtal was bankrupt, but under a settlement agreement, ASML would eventually own most or all of Xtal's intellectual property as part of the process. bankruptcy.
In April, ASML revealed that former employees had leaked business secrets to Xtal, a company funded by South Korean and Chinese entities and created to sell a competing product to an existing customer. ASML in South Korea.
Report by Ishita Chigilli Palli in Bengaluru; Edited by Gareth Jones
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