Volkswagen strikes deal with Broadcom to settle a patent lawsuit

Germany’s Volkswagen has struck a deal with U.S. semiconductor maker Broadcom to end a billion-dollar patent lawsuit that pitted the automaker against its provider, a source near to Volkswagen informed Reuters on Wednesday.

The companies signed an out-of-court settlement, the source stated, including that a court hearing scheduled for Friday had now been canceled.

Volkswagen refused to discuss the deal.