All articles tagged with #rivos
Nvidia stock declined slightly after reaching a record high, as Meta accelerates its development of custom AI chips with the acquisition of Rivos, potentially challenging Nvidia's dominance in AI hardware. Despite Meta's efforts, Nvidia remains the preferred choice for AI workloads, supported by strong analyst confidence and a positive outlook, though the evolving competitive landscape raises long-term questions about its market position.
Apple is settling a lawsuit it filed against chip startup Rivos, accusing the company of stealing trade secrets related to Apple's SoC technology. The settlement will allow Apple to recover any confidential information from Rivos' systems, with both firms signing an agreement potentially settling the case. Apple had originally sued Rivos in 2022, alleging that the company hired away Apple engineers and used confidential information to develop competing SoC technology. Rivos denied the allegations and countersued Apple for unfair competition, claiming that Apple sought to punish the startup and its employees.
Apple and chip startup Rivos have decided to settle a two-year-old lawsuit over trade secrets theft, with plans to finalize the agreement by March 15. The legal battle began when Apple accused Rivos of poaching engineers with access to proprietary information, while Rivos countersued Apple for allegedly using intimidation tactics to prevent its engineers from leaving. The settlement includes remediation of Apple's confidential information based on a forensic examination of Rivos systems, and the parties are currently working through that process.
Apple and Rivos have reached a possible settlement in the lawsuit where Apple accused Rivos of poaching its employees and stealing trade secrets. The deal would allow Apple to conduct a forensic examination of Rivos' systems and activities. Apple had sued Rivos for leading a campaign to hire its employees and stealing proprietary information for unreleased iPhone chip designs, while Rivos countersued Apple for restricting employees' ability to work elsewhere and hindering startup growth. The court dismissed Apple's trade secret claims against Rivos but allowed a revised complaint. Both companies are requesting the court to put their cases on hold until March 15 for the expected settlement completion.
Apple has reached a settlement with SoC company Rivos, which it sued for theft of trade secrets after hiring over 40 employees from Apple, including high-ranking engineers. Rivos will undergo a forensic examination to remove any confidential Apple information from its systems. The settlement aims to finalize by March 15, and both companies are working through the remediation process.
Apple plans to settle a lawsuit against tech startup Rivos, which it accused of stealing trade secrets related to computer-chip technology. The agreement allows Apple to examine Rivos' systems and recover any confidential information. Apple had sued Rivos in 2022, alleging that the startup had hired away its engineers and used confidential information to develop competing technology. Rivos denied the allegations and countersued Apple for unfair competition. Apple settled related claims last month against six former employees who joined Rivos.
Apple plans to settle a lawsuit against tech startup Rivos, which it accused of stealing trade secrets related to computer-chip technology. The settlement agreement allows Apple to examine Rivos' systems and recover any confidential information. Apple had sued Rivos in 2022, alleging that the startup had hired away its engineers and used confidential information to develop competing "system-on-chip" technology. Rivos denied the allegations and countersued Apple for unfair competition. Apple settled related claims last month against six former employees who joined Rivos.