Intel settles chip patent lawsuit over ParkerVision, Texas trials | – #Intel #settles #chip #patent #lawsuit #ParkerVision #Texas #trials
(Reuters) – Chipmaker giant Intel Corp ( INTC.O ) on Tuesday settled a patent lawsuit filed by wireless technology developer ParkerVision Inc ( PRKR.PK ) on the second day of a West Texas jury trial in the case, court showed the records.
On Tuesday USA In a filing with the Securities and Exchange Commission, ParkerVision paid $25 million in a deal that also included a patent license agreement. dollars said he would buy it.
An Intel spokeswoman confirmed the companies had agreed, but declined to provide further details. A ParkerVision spokeswoman declined to comment. ParkerVision shares were down 48% on Tuesday afternoon.
ParkerVision 20, based in Jacksonville, Florida20In , Waco, Texas sued Intel for infringing several patents related to advanced radio frequency receivers. ParkerVision pioneered the communication technology used in Intel’s wireless chips in the mid-1990s, he said.
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ParkerVision, Applesaid Intel chips used in smartphones, including the iPhone, infringed patents. Intel has denied the claims, arguing that the patents are invalid and that its technology works in different ways.
A ParkerVision expert told the court that court according to the lawsuit, Intel must pay more than $294 million in royalties for the alleged infringement.
ParkerVision also Applehas sued companies such as Qualcomm and TCL for patent infringement over wireless chips and devices that use them.
A Florida federal judge in 2014 overturned a $173 million jury verdict in ParkerVision’s lawsuit against Qualcomm. cancellation did USAThe Federal Circuit Court of Appeals upheld the decision in 2015.
Santa Clara, Calif.-based Intel has settled a separate, ongoing patent battle with VLSI Technology LLC over Intel computer chips totaling 3 billion hit with two verdicts in Waco for damages in excess of $.
The ParkerVision case is ParkerVision Inc. v. Intel Corp., U.S. District Court for the Western District of Texas, No. 6:20-cv-00108.
For Intel: Michael Summersgill, Sarah Petty, Todd Zubler, Mindy Sooter and Robert Gunther Wilmer Cutler Pickering Hale & Dorr
For ParkerVision: Ronald Daignault, Scott Samay, Jason Charkow, Chandran Iyer and Oded Burger of Daignault Iyer
Read more:
Qualcomm wins appeal in $173 million ParkerVision case
Reporting by Blake Brittain in Washington
Our standards: Thomson Reuters Trust Principles.
Blake Brittain
2023-02-08 00:03:43
Source – reuters
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