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

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<span>© 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</span><br />
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<p>By Blake Brittain</p>
<p>(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.</p>
<p>Caltech previously won a verdict of more than $1.1 billion from Apple and Broadcom in the case that was later overturned.</p>
<p>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. </p>
<p>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.</p>
<p>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. </p>
<p>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.</p>
<p>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. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/caltech-reaches-potential-settlement-in-apple-broadcom-patent-case-3152049">Source link </a></p><p>The post <a href="https://forextraderhub.com/caltech-reaches-potential-settlement-in-apple-broadcom-patent-case-by-reuters.html">Caltech reaches ‘potential settlement’ in Apple, Broadcom patent case By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>

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