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Technology Stocks : Impinj, Inc.
PI 163.81-3.1%3:59 PM EST
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From: Cooters7/17/2023 9:51:32 AM
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Impinj Wins Patent Infringement Lawsuits Against NXP Semiconductors; Jury Awards $18 Million

Impinj Wins Patent Infringement Lawsuits Against NXP Semiconductors; Jury Awards $18 Million (yahoo.com)

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The infringed patents include key Impinj endpoint IC technologies related to Impinj’s Enduro technology, which provides a robust IC-to-antenna connection, and power-harvesting circuitry, which improves RAIN RFID tag sensitivity. In a letter to partners and customers, Impinj Co-founder and CEO Chris Diorio said, "We were disheartened to see a large company copy the patented inventions of a small, innovative company like ours. We take our responsibility to protect our inventions seriously, which is why we felt we had no option but to pursue litigation. We thank the jurors who listened carefully to the evidence, deliberated and delivered their judgments. We are pleased with the outcome and confident in our position in the remaining litigation with NXP."
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