Apple Is Settling Chip Secrets Theft Case Against Startup Rivos, Former Employee...

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In 2022 Apple filed a lawsuit against startup Rivos. The lawsuit said that in one year Rivos had hired more than 40 former Apple employees to work on competing system-on-a-chip technology, according to Reuters, "and that at least two former Apple engineers took gigabytes of confidential information with them to Rivos."

But Friday Bloomberg reported that the two companies told a judge that they'd "signed an agreement that potentially settles the case."

"The agreement provides for remediation of Apple confidential information based on a forensic examination of Rivos systems and other activities," according to the filing in federal court in San Jose, California. "The parties currently are working through that process."

More details from Engadget:

Apple also accused the defendant of instructing the employees it hired away to steal presentations and other proprietary information for unreleased iPhone chip designs that cost billions of dollars to develop. Rivos countersued Apple last year, accusing the larger company of restricting employees' ability to work elsewhere and of hindering emerging startups' growth by using anticompetitive measures.

The court dismissed Apple's trade secret claims against Rivos in April 2023, though the company was allowed to file a revised complaint. Apple already settled with its six former employees who filed a countersuit against the iPhonemaker along with Rivos after they dropped their claims against each other last month.

Both companies are now requesting the court to put their cases on hold until March 15, when they expect the settlement to be completed.