Intel, ParkerVision settle chip patent lawsuit during Texas trial (updated)

ParkerVision

07/02/2023 19:28

* 
      ParkerVision said Intel wireless chips infringe patents
    

        * 
      Companies settled case during second day of West Texas
trial
    

  
 (Updates ParkerVision stock price, adds comment from Intel)
    By Blake Brittain
       (Reuters) - Chipmaking giant Intel Corp  INTC.O  on
Tuesday settled a patent lawsuit brought by wireless technology
developer ParkerVision Inc  PRKR.PK  on the second day of a West
Texas jury trial in the case, court records showed. 
    A ParkerVision filing with the U.S. Securities and Exchange
Commission on Tuesday said it would receive $25 million in a
settlement that also includes a patent licensing agreement. 
        An Intel spokesperson confirmed that the companies
settled but declined to provide further details. A ParkerVision
spokesperson declined to comment. ParkerVision stock was down
48% Tuesday afternoon.   
    Jacksonville, Florida-based ParkerVision sued Intel in Waco,
Texas in 2020 for infringing several patents related to improved
radio-frequency receivers. ParkerVision had said it pioneered
the communications technology used in Intel's wireless chips in
the mid-1990s.
    ParkerVision said Intel chips used in smartphones, including
Apple's iPhone, infringe the patents. Intel denied the
allegations, arguing the patents are invalid and its technology
works in different ways.
    A ParkerVision expert told the court that Intel should pay
more than $294 million in royalties for the alleged
infringement, according to a court filing.
    ParkerVision has also sued companies including Apple,
Qualcomm and TCL for patent infringement over wireless chips and
devices that use them.
    A Florida federal judge overturned a $173 million jury
verdict for ParkerVision against Qualcomm in 2014. The U.S.
Court of Appeals for the Federal Circuit upheld the decision 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 fight with VLSI Technology LLC over
Intel computer chips.
    The ParkerVision case is ParkerVision Inc v. Intel Corp,
U.S. District Court 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
    Read more:
    Qualcomm wins appeal in $173 million ParkerVision case
 (Reporting by Blake Brittain in Washington)