Caltech sued Apple and Broadcom in 2016, alleging that the companies infringed on its patents for Wi-Fi technology. In 2020, a jury awarded Caltech more than $1 billion in damages. However, a federal appeals court overturned the verdict in 2021, ruling that the damages award was excessive.
The settlement between Caltech, Apple, and Broadcom brings an end to a long-running legal dispute. The terms of the settlement are likely to be confidential, but it is possible that the agreement includes a licensing agreement that will allow Apple and Broadcom to continue using Caltech’s patented technology.
The settlement is also a positive development for consumers, as it means that the two companies will be able to continue developing and selling products that use Caltech’s Wi-Fi technology.