Intel, ParkerVision settle chip patent lawsuit during Texas trial

(Reuters) – Chipmaking large Intel Corp (INTC.O) on Tuesday settled a patent lawsuit introduced by wi-fi know-how developer ParkerVision Inc (PRKR.PK) on the second day of a West Texas jury trial within the case, courtroom data confirmed.

A ParkerVision filing with the U.S. Securities and Trade Fee on Tuesday stated it will obtain $25 million in a settlement that additionally features a patent licensing settlement.

An Intel spokesperson confirmed that the businesses settled however declined to supply additional particulars. A ParkerVision spokesperson declined to remark. ParkerVision inventory was down 48% Tuesday afternoon.

Jacksonville, Florida-based ParkerVision sued Intel in Waco, Texas in 2020 for infringing a number of patents associated to improved radio-frequency receivers. ParkerVision had stated it pioneered the communications know-how utilized in Intel’s wi-fi chips within the mid-Nineties.

ParkerVision stated Intel chips utilized in smartphones, together with Apple’s iPhone, infringe the patents. Intel denied the allegations, arguing the patents are invalid and its know-how works in numerous methods.

A ParkerVision skilled advised the courtroom that Intel ought to pay greater than $294 million in royalties for the alleged infringement, in accordance with a court filing.

ParkerVision has additionally sued corporations together with Apple, Qualcomm and TCL for patent infringement over wi-fi chips and units that use them.

A Florida federal choose overturned a $173 million jury verdict for ParkerVision towards Qualcomm in 2014. The U.S. Courtroom of Appeals for the Federal Circuit upheld the choice in 2015.

Santa Clara, California-based Intel has been hit with two verdicts in Waco for damages totaling over $3 billion in a separate, ongoing patent combat with VLSI Know-how LLC over Intel laptop chips.

The ParkerVision case is ParkerVision Inc v. Intel Corp, U.S. District Courtroom for the Western District of Texas, No. 6:20-cv-00108.

For Intel: Michael Summersgill, Sarah Petty, Todd Zubler, Mindy Sooter and Robert Gunther of Wilmer Cutler Pickering Hale & Dorr

For ParkerVision: Ronald Daignault, Scott Samay, Jason Charkow, Chandran Iyer and Oded Burger of Daignault Iyer

Learn extra:

Qualcomm wins appeal in $173 million ParkerVision case

Reporting by Blake Brittain in Washington

Our Requirements: The Thomson Reuters Trust Principles.