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Qorvo Announces Verdict and Damage Award in Litigation Versus Akoustis forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Qorvo, a Greensboro-based chipmaker, said Tuesday it will receive more than $38.5 million in damages related to a federal lawsuit filed in October 2021.
Akoustis Technologies shares are trading lower by 48% during Monday's session. A jury in the U.S. District Court for the District of Delaware ruled in favor of Qorvo in a lawsuit.