Rudolph Technologies, Inc. said it reached a comprehensive patent settlement with Camtek, Ltd. in the ongoing patent infringement lawsuits between the two companies.
Rudolph said that under the terms of the settlement agreement, the parties will dismiss all current litigation matters and Camtek will pay Rudolph a one-time payment of $13 million.
Rudolph said the parties have also entered into a covenant “not to sue one another related to the three patents at issue in the lawsuits and also not to sue one another for any cause of action for a period of three years anywhere in the world.”
Robert Koch, general counsel for Rudolph, said: “This agreement brings to a close the long-running dispute between Rudolph and Camtek relating to Rudolph’s patents on semiconductor inspection technology.
“We are gratified to close this chapter as we continue to focus on innovative disruptive technologies that enable a smarter, more connected world.”