Brief: Impinj And NXP Semiconductors Entered Into Settlement And Patent Cross-License Agreement

Impinj

13/03/2024 20:44

March 13 (Reuters) - NXP Semiconductors NV  NXPI.O :
    * IMPINJ INC SAYS ON MARCH 13, CO AND NXP SEMICONDUCTORS
ENTERED
INTO SETTLEMENT AND PATENT CROSS-LICENSE AGREEMENT - SEC FILING
    * IMPINJ INC - SETTLEMENT AND PATENT CROSS-LICENSE AGREEMENT
WITH
NXP SEMICONDUCTORS, RESOLVES ALL OUTSTANDING LITIGATION AND
OTHER PROCEEDINGS
    * IMPINJ INC - NXP WILL MAKE TO IMPINJ ONE-TIME PAYMENT OF
$45
MILLION WITHIN FIVE BUSINESS DAYS OF EXECUTION OF SETTLEMENT
AGREEMENT
    * IMPINJ INC - NXP WILL ALSO MAKE TO IMPINJ ANNUAL LICENSE
FEE
PAYMENTS ON APRIL 1 OF EACH YEAR, STARTING ON APRIL 1, 2024

Source text for Eikon:  ID:n0000950170-24-030764 
Further company coverage:  NXPI.O 

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