Stock Market News

Caltech reaches ‘potential settlement’ in Apple, Broadcom patent case

2023.08.10 20:07


© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

By Blake Brittain

(Reuters) – The California Institute of Technology has reached a “potential settlement” in a high-stakes patent infringement lawsuit against Apple (NASDAQ:) and Broadcom (NASDAQ:) over Wi-Fi chips, according to a Thursday filing in federal court.

Caltech previously won a verdict of more than $1.1 billion from Apple and Broadcom in the case that was later overturned.

The potential settlement was disclosed in a court document filed in U.S. District Court in Los Angeles without further details following a telephone conference. It was unclear if the agreement involved both Apple and Broadcom.

Representatives for Caltech, Apple and Broadcom did not immediately respond to requests for comment. The court ordered the parties to file a joint status report by Aug. 18.

Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents. A jury ordered Apple to pay $837.8 million and Broadcom to pay $270.2 million in patent-infringement damages in 2020.

A U.S. appeals court overturned the award last year and ordered a new trial on damages, finding the amount was “legally unsupportable.” A trial that had been scheduled to begin in June 2023 was postponed indefinitely in May.

Caltech told a Texas federal court on Tuesday that it had settled a related lawsuit against Samsung (KS:). The university has also sued Microsoft (NASDAQ:), Dell and HP (NYSE:) over its Wi-Fi patents in cases that are pending.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,002.26 0.05%
ethereum
Ethereum (ETH) $ 3,434.04 1.58%
tether
Tether (USDT) $ 0.998806 0.03%
xrp
XRP (XRP) $ 2.24 2.38%
bnb
BNB (BNB) $ 705.48 0.27%
solana
Solana (SOL) $ 194.08 2.48%
dogecoin
Dogecoin (DOGE) $ 0.324475 2.57%
usd-coin
USDC (USDC) $ 0.999201 0.11%
staked-ether
Lido Staked Ether (STETH) $ 3,429.46 1.54%
cardano
Cardano (ADA) $ 0.89057 3.68%
tron
TRON (TRX) $ 0.254315 1.07%
avalanche-2
Avalanche (AVAX) $ 39.04 5.21%
the-open-network
Toncoin (TON) $ 5.85 0.38%
chainlink
Chainlink (LINK) $ 23.56 5.41%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,078.60 1.53%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 3.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,035.27 0.37%
sui
Sui (SUI) $ 4.38 4.23%
hedera-hashgraph
Hedera (HBAR) $ 0.305399 1.72%
stellar
Stellar (XLM) $ 0.371175 4.45%
polkadot
Polkadot (DOT) $ 7.21 3.10%
weth
WETH (WETH) $ 3,434.35 1.60%
bitcoin-cash
Bitcoin Cash (BCH) $ 452.56 2.48%
hyperliquid
Hyperliquid (HYPE) $ 26.21 11.24%
bitget-token
Bitget Token (BGB) $ 6.31 17.33%
leo-token
LEO Token (LEO) $ 9.46 0.77%
litecoin
Litecoin (LTC) $ 106.56 1.74%
uniswap
Uniswap (UNI) $ 13.23 6.64%
pepe
Pepe (PEPE) $ 0.000018 5.61%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,623.67 1.54%
near
NEAR Protocol (NEAR) $ 5.25 5.42%
ethena-usde
Ethena USDe (USDE) $ 0.997516 0.09%
usds
USDS (USDS) $ 0.99839 0.20%
aave
Aave (AAVE) $ 349.48 7.31%
internet-computer
Internet Computer (ICP) $ 10.71 6.18%
aptos
Aptos (APT) $ 9.21 5.69%
crypto-com-chain
Cronos (CRO) $ 0.154334 4.08%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.497196 4.36%
mantle
Mantle (MNT) $ 1.20 2.64%
ethereum-classic
Ethereum Classic (ETC) $ 26.58 3.63%
vechain
VeChain (VET) $ 0.049297 5.75%
render-token
Render (RENDER) $ 7.30 5.82%
whitebit
WhiteBIT Coin (WBT) $ 24.71 0.41%
bittensor
Bittensor (TAO) $ 481.89 4.14%
monero
Monero (XMR) $ 192.41 1.67%
mantra-dao
MANTRA (OM) $ 3.69 2.25%
dai
Dai (DAI) $ 0.999427 0.07%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.30 4.71%
arbitrum
Arbitrum (ARB) $ 0.773449 4.38%
filecoin
Filecoin (FIL) $ 5.11 4.87%