Cypress Semiconductor Corp. said Friday (Jan. 13) it dropped a trade secret lawsuit against Maxim Integrated Products Inc.

The suit had charged Maxim with trying to gain access to Cypress's touchscreen intellectual property by targeting key Cypress employees. Cypress said it dropped the lawsuit "without prejudice" so it could be filed again if necessary.

Cypress (San Jose, Calif.) said it dropped the suit because Maxim was unsuccessful in hiring Cypress employees and making inroads into the touchscreen market.

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