|[April 07, 2006]
Jury Finds That Axiom Microdevices Misappropriated Silicon Laboratories' Trade Secrets
AUSTIN, Texas --(Business Wire)-- April 7, 2006 -- Silicon Laboratories Inc. (Nasdaq:SLAB) today announced that a jury in the Federal District Court in Austin, Texas found that Axiom Microdevices misappropriated Silicon Laboratories' trade secrets and that the misappropriation was done with malice, fraud or gross negligence. The Court has not yet entered a judgment and will hold additional hearings to determine the appropriate remedies. Silicon Laboratories' trade secrets are related to proprietary technology for its Si4300 CMOS power amplifier for cell phones.
"We have more than 20 issued or pending patents for power amplifier technology, and we intend to continue to vigorously defend our intellectual property, which is one of our most important assets," said Nestor Ho, chief legal counsel for Silicon Laboratories.
Silicon Laboratories Inc.
Silicon Laboratories Inc. is a leading designer of high-performance, analog-intensive mixed-signal integrated circuits (ICs) for a broad range of applications and has more than 600 patents pending and issued. Silicon Laboratories' diverse portfolio of highly integrated, patented solutions is developed by a world-class engineering team with decades of cumulative expertise in cutting-edge mixed-signal design. The company has design, engineering, marketing, sales and applications offices throughout North America, Europe and Asia. For more information about Silicon Laboratories please visit www.silabs.com.
This press release may contain forward-looking statements based on Silicon Laboratories' current expectations. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. For a discussion of factors that could impact Silicon Laboratories' financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to Silicon Laboratories' filings with the SEC. Silicon Laboratories disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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