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All lawsuits end as Credo and TE Connectivity strike AEC deal
Credo Technology Group Holding Ltd (NASDAQ: CRDO) and TE Connectivity Corporation (NYSE: TEL) have announced a settlement and license agreement regarding Active Electrical Cable (AEC) technology disputes. This agreement resolves all ongoing lawsuits between the two companies, though the specific terms remain confidential. Both companies are leaders in their respective fields, with Credo focusing on high-speed connectivity solutions for AI-driven applications and TE Connectivity specializing in connectivity and sensor solutions for various industrial sectors.