The agreement came to light in a document submitted to the US District Court in Los Angeles. However, the specifics of the settlement, whether it involves both Apple and Broadcom and the exact amount remain unclear since all the parties have to file a joint status report by August 18.
After the lawsuit for allegedly copying certain Caltech technology in a Broadcom chip, used in all Apple devices since the iPhone 5 was initially filed in 2016, a jury in 2020 slapped Apple with a bill of $837.8 million and Broadcom with $270.2 million in damages for patent infringement. Naturally, both companies weren’t pleased and appealed the decision.
The trial was supposed to begin in June 2023 but got indefinitely postponed in May. So, to sum it up, Caltech initially hit a jackpot of over $1.1 billion from Apple and Broadcom, only to see that overturned later. And now, things seem to be veering toward a settlement, which details are yet to emerge.
