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Broadcom, Apple Lose Case Before Supreme Court: WSJ

CalTech wins argument on patent case

Broadcom Inc., a semiconductor maker founded in Irvine, and Apple Inc., the world’s most valuable publicly traded company, lost a case in the Supreme Court, the Wall Street Journal reported.

The Supreme Court declined to hear an appeal filed by the companies in a billion-dollar patent case brought by the Pasadena-based California Institute of Technology.

The university sued Apple and Broadcom in federal court in Los Angeles in 2016, alleging unauthorized use of the patented inventions that increase Wi-Fi speed and range on mobile devices. The Pasadena school previously won a $1.1 billion verdict that a judge said must be relitigated in a new damages-only jury trial.

Broadcom, which moved to San Jose in 2018, is a large supplier of chips to Apple. Its shares were unchanged today at $821.63 and a $339 billion market cap.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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