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AMD, Hyundai Unit Settle Trade-Secrets Case

November 19, 1996|Times Staff and Wire Reports

Hyundai Electronics Industries Co., its Hyundai Electronics America unit and Advanced Micro Devices Inc. said they settled trade-secrets litigation brought by AMD for undisclosed terms, although AMD said they include injunctive relief protecting AMD's trade secrets. The Sunnyvale-based company won a preliminary injunction in Santa Clara County Superior Court to prevent Hyundai from using or disclosing secrets about its flash memory technology. AMD sought the injunction after Hyundai's San Jose-based Electronics America unit hired more than a dozen AMD employees to work for a new flash division. AMD shares fell 25 cents to close at $24.875 on the NYSE.

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