Qorvo Announces Verdict and Damage Award in Litigation Versus Akoustis

Core Viewpoint - Qorvo achieved a significant legal victory against Akoustis Technologies, with a jury awarding over $31.5 million in compensatory damages and $7 million in punitive damages for trade secret misappropriation and patent infringement related to BAW filter designs [1] Group 1: Legal Outcome - A federal jury found Akoustis willfully and maliciously misappropriated Qorvo's trade secrets and infringed on its patents [1] - The verdict allows Qorvo to pursue an injunction against Akoustis products [1] Group 2: Company Commitment - Qorvo emphasizes its commitment to protecting its intellectual property and addressing complex challenges faced by customers [2] Group 3: Company Overview - Qorvo is a leading provider of semiconductor solutions, serving high-growth segments such as consumer electronics, smart home/IoT, automotive, EVs, and aerospace/defense [3]