---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-030764"
form_type: "8-K"
ticker: "PI"
cik: "0001114995"
company_name: "IMPINJ INC"
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:02:29.128904+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Impinj settles patent litigation with NXP; receives $45M upfront and annual license fees

## Summary
- One-time payment of $45M due within five business days of March 13, 2024.
- Annual license fees starting April 1, 2024 at $15M, increasing yearly by a fixed percentage.
- Impinj makes no payments to NXP under the settlement agreement.
- All pending patent litigation and proceedings terminated; cross-license granted for about ten years.
- Agreement may be terminated if NXP designs out all valid claims of certain Impinj patents.

## SEC filing metadata
- accession: 0000950170-24-030764
- form_type: 8-K
- ticker: PI
- cik: 0001114995
- company_name: IMPINJ INC
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114995/000095017024030764/0000950170-24-030764-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114995/000095017024030764/pi-20240313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-030764
- JSON: https://secwatch.observer/filing/0000950170-24-030764.json
- Plain text: https://secwatch.observer/filing/0000950170-24-030764.txt

## Key facts
- Material Agreements
  IMPINJ INC entered into Settlement and Patent Cross-License Agreement with NXP Semiconductors N.V. and its subsidiary NXP USA, Inc. valued at $45.0 million one-time payment plus annual license fee payments starting at $15.0 million increasing (effective 2024-03-13).
  - Action: entry
  - Agreement: settlement
  - Counterparty: NXP Semiconductors N.V. and its subsidiary NXP USA, Inc.
  - Value: $45.0 million one-time payment plus annual license fee payments starting at $15.0 million increasing
  - Effective: 2024-03-13
  source text: On March 13, 2024, Impinj, Inc. (“Impinj”) and NXP Semiconductors N.V. and its subsidiary NXP USA, Inc. (collectively, “NXP”) entered into a Settlement and Patent Cross-License Agreement dated March 13, 2024 (the “Agreement”), which resolves all outstanding litigation and other proceedings between them.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114995/000095017024030764/0000950170-24-030764-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.