Fairchild Semiconductor and Alpha & Omega Semiconductor (AOS) Inc. have announced that they have signed a settlement and cross license agreement, ending a patent dispute that began in 2007. The settlement encompasses actions that each party has filed in the US as well as in Taiwan. The parties announced that AOS will make a one time non-material payment to Fairchild, but otherwise the terms of the settlement and cross license agreement were not released. The parties will file requests for dismissal of all outstanding lawsuits in the appropriate courts.