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HTC, Apple settle patent disputes (update)
Taipei, Nov. 11 (CNA) Taiwan's HTC Corp. and its arch rival Apple Inc. have agreed to settle their global patent disputes through the dismissal of all current lawsuits and a 10-year license agreement, ending a legal battle that has been running since 2010.
The license extends to current and future patents held by both parties, the two smartphone makers said in a joint statement released Sunday.
"HTC is pleased to have resolved its dispute with Apple, so HTC can focus on innovation instead of litigation," HTC CEO Peter Chou said.
Apple CEO Tim Cook, meanwhile, said his company "will continue to stay laser focused on product innovation" after the settlement.