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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
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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