Rivos was accused by the corporation of obtaining secrets about its chip designs and poaching staff.
Rivos, a business based in Mountain View that Apple accused in 2022 of stealing its trade secrets and poaching its staff, has struck a tentative settlement with Apple. They informed the United States District Court for the Northern District of California that they have signed an agreement that “potentially settles the case.” This information was included in the file that was seen by Bloomberg and Reuters for the first time. The agreement between them would make it possible for Apple to carry out a forensic investigation of Rivos’ systems as well as the operations of Rivos.
When Apple filed a lawsuit against Rivos, the company claimed that the startup had engaged in a “coordinated campaign” to recruit talent away from its chip design division. The defendant was also accused of urging personnel that Apple had recruited away to steal presentations and other secret material regarding unreleased iPhone chip designs that had cost billions of dollars to create. Apple brought this accusation against the defendant. Rivos filed a countersuit against Apple in the previous year, alleging that the larger business had restricted the ability of its employees to secure employment elsewhere and had impeded the growth of fledgling startups through the implementation of anticompetitive tactics.
Despite the fact that Apple was permitted to submit an amended complaint, the court dismissed the trade secret claims that the firm had brought against Rivos in April of 2023. After dropping their claims against each other a month ago, Apple has already reached a settlement with its six former employees who launched a countersuit against Apple along with Rivos. A settlement was reached with them. At this time, both businesses are submitting a motion to the court to put their cases on pause until March 15, which is the day that they anticipate the settlement reaching its conclusion.