Impinj Wins Patent Infringement Lawsuits Against NXP Semiconductors; Jury Awards $18M In Damages And Lost Profits
Portfolio Pulse from Happy Mohamed
Impinj, Inc. (NASDAQ:PI) has won two patent-infringement lawsuits against NXP Semiconductors (NASDAQ:NXPI), with a federal jury awarding Impinj approximately $18.5M in damages and lost profits. The infringed patents are related to Impinj's Enduro technology and power-harvesting circuitry. Impinj does not believe this litigation outcome will materially impact ongoing or new RAIN RFID programs.
July 17, 2023 | 1:03 pm
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NEGATIVE IMPACT
NXP Semiconductors lost two patent-infringement lawsuits to Impinj and has to pay $18.5M in damages and lost profits.
The legal defeat and the financial burden of the damages could negatively impact investor confidence in NXP Semiconductors, potentially leading to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Impinj won two patent-infringement lawsuits against NXP Semiconductors, receiving $18.5M in damages and lost profits.
The legal victory and the awarded damages could boost investor confidence in Impinj, potentially leading to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100