NEW YORK, APRIL 11 -- U.S Philips Corporation, an affiliate of Royal Philips Electronics (NYSE:PHG), and Cirrus Logic, Inc., announced today that they have agreed to settle their patent dispute relating to U.S. Patent No. 4,689,740 (the ‘740 Patent). The patent relates to the I2C bus technology, which is a two-wire bus system for controlling communications between integrated circuits.

As part of the settlement, the parties have filed a joint motion to dismiss all claims between the companies. In addition, the parties have entered into a non-exclusive licensing agreement under which Cirrus Logic is a licensee of Philips' I2C patent rights. The rest of the terms were not disclosed.

Philips filed a lawsuit alleging infringement of the ‘740 patent in the U.S. District Court in New York on Oct. 2 last year against six companies: Analog Devices, Inc. of Norwood, MA; Cirrus Logic, Inc. of Austin, TX; Cypress Semiconductor Corp. of San Jose, CA; Fairchild Semiconductor Corp. of South Portland, ME; Linear Technology Corp. of Milpitas, CA and Standard Microsystems Corp. of Hauppauge, NY. The action will continue to proceed against the five remaining companies.

About Philips

Royal Philips Electronics of the Netherlands is one of the world’s biggest electronics companies and Europe’s largest, with sales of $34.9 billion (EUR 37.9 billion) in 2000. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 219,400 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, and medical systems. Philips is quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com.

About Cirrus Logic

Cirrus Logic is a premier supplier of high-performance analog and DSP chip solutions for Internet entertainment electronics. Building on its global market share leadership in audio integrated circuits and its rich mixed-signal patent portfolio, the company targets high-volume audio, storage and communications applications. Founded in 1984 in Silicon Valley, Cirrus Logic operates from headquarters in Austin, Texas and major sites located in Fremont, Calif. and Broomfield, Colo. as well as offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com.