Impinj Shares Rise 14% After Patent Settlement
By Chris Wack
Impinj shares were up 14% to $129.06 after the company said it got a successful settlement of its patent disputes with NXP Semiconductors N.V.
The Internet technology company said the agreement terminates all pending legal proceedings, releases each party from liability for past patent infringement, and licenses each party's patents to the other.
The agreement also releases resellers and end users from infringement claims for the sale or use of the parties' UHF RFID products before the date of the agreement.
The agreement, which concludes a multiyear patent dispute during which Impinj prevailed in multiple trials, includes both an up-front payment and a yearly license fee to Impinj.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 14, 2024 10:59 ET (14:59 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What Does Nvidia’s Stock Split Mean for Investors?
-
5 Undervalued Stocks to Buy as Their Stories Play Out
-
Markets Brief: Return of the Meme Stocks
-
What’s Happening In the Markets This Week
-
It’s Been a Terrible Time for Bonds. Here’s Why You Should Own Them
-
Which AI Stocks Are Turning Hype Into Revenue?
-
Best- and Worst-Performing Stocks of May 2024
-
3 Stocks to Buy and 3 Stocks to Sell in June
-
What Does Broadcom’s Stock Split Mean for Investors?
-
5 Ultracheap Stocks to Buy With the Best Returns on Investment
-
Broadcom Earnings: AI Sales Growth Accelerates
-
Oracle Earnings: IaaS Signings More Than Make Up for Miss
-
This Undervalued Stock Is a Buy After Its Dividend Increase
-
After Earnings, Is Nio Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Lululemon Stock a Buy, a Sell, or Fairly Valued?
-
The 10 Best Dividend Stocks