Impinj (PI) Wins Patent Infringement Lawsuits Against NXP Semiconductors (NXPI); Jury Awards $18M
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Impinj Wins Patent Infringement Lawsuits Against NXP Semiconductors; Jury Awards $18 Million
July 17, 2023 9:00 AM EDTSEATTLE--(BUSINESS WIRE)-- Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it prevailed in two RAIN RFID patent-infringement lawsuits. On July 14, a federal jury in California found that NXP Semiconductors (NASDAQ: NXPI) infringed two of Impinjs patents, one willfully. The jury awarded Impinj approximately $18.5M in damages and lost profits. In June, a federal jury in Washington found that Impinj did not infringe an NXP patent on which NXP sued Impinj. The cases stem from a patent-infringement lawsuit... More
