A spokesman for Elan, Dennis Liu, however, said the news report was untrue, that there is no settlement proposal on the table, and that the lawsuit against Apple remained ongoing. He said he knew of no time frame for a resolution of the court case or the ITC case.

A video attached to the Economic Daily News story, which shows Elan's chairman talking about the company's expectations for this year, makes no mention of Apple.

Elan makes chips and other products for touchscreen and touchpad controls that are used in laptops and smartphones. The devices allow people to use multitouch functions such as swiping, zooming and rotating images on a screen as well as taps, swipes and gesturing.

The company reported that its revenue rose 32 percent year-on-year to NT$6 billion (US$203.1 million) in 2010, and its net profit increased 71 percent to NT$708 million.