Apple Patent Verdict Shines Light on IP Rich Tech Stocks
A US jury has ruled that Apple must pay $5.7 billion in damages over haptic patents used in its iPhone and Apple Watch Taptic Engine.
This verdict shines a light on intellectual property rich stocks, highlighting those with similar patent and licensing narratives.
QuickLogic (QUIK) is one such company, with a business model centered around embedded FPGA designs and licensing. The fabless semiconductor specialist generates all of its $16 million revenue from semiconductors and has a market value of approximately $201 million.
Ceva (CEVA), meanwhile, licenses processor, connectivity, audio, sensing, and AI silicon IP to chipmakers and device brands, generating about $116 million in IP licensing revenue. The company carries a roughly $1 billion market value.