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.