Power Integrations Announces Settlement of Litigation with Silanna Semiconductor
Posted Mar 18, 2021 08:49 (GMT +7)
WILMINGTON, Del.--(BUSINESS WIRE)--Mar. 18, 2021
Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced a comprehensive settlement of its legal disputes with Silanna Semiconductor, a U.S. company, and several former Philippines-based employees of Power Integrations (PI). PI had filed lawsuits against Silanna and the former employees alleging the knowing breach of PI’s employment agreements with the employees, and interference by Silanna. Under the terms of the settlement, Silanna has made an unspecified cash payment to Power Integrations, agreed to terminate the former PI employees, and committed to honoring PI’s employment agreements in the future.
Power Integrations vice president Clifford Walker commented: “We are committed to protecting our hard-earned intellectual property. We are gratified that we have successfully resolved these lawsuits, and we will continue to insist that competitors respect our employment agreements, which are designed to safeguard our intellectual property, including trade secrets.”
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power-conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210317005077/en/
Power Integrations, Inc.
Distribute your news release with us
Our media lists include news desks at all leading Thai and English-language dailies.
Radio & TV
We deliver your news to leading Thai radio stations and TV channels.
All releases are submitted to Internet news sites, including several with guaranteed pickup.
Our Self-Serve News Release Couldn't Be Simpler
Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.