Hon Hai andMicrosoft settle and establish new cooperative partnership

　Microsoft Corporation (hereinafter referred to as “Microsoft”) and Hon Hai Precision Industry Co., Ltd. (known internationally as Foxconn, hereinafter referred to as “Hon Hai”) jointly announced that they will forge a more constructive partnership as of September 1, 2020 based on mutual and reciprocal business cooperation, for which both sides agree to withdraw all pending legal claims, including the lawsuit pending at the California court.  

　Microsoft and Hon Hai once executed a patent licensing agreement with respect to Android and Chrome equipment in 2013, which however ended in a legal fight in March 2019 that Microsoft sued Hon Hai for the latter’s failure to honor the agreement by paying patent licensing fees to Microsoft.  Now by initiating their new reciprocal cooperation, the pair agrees to settle their legal claims including the royalty dispute pending at the California court accordingly.  (Released 2020.09.03) 

/CCS