QPRC’s HID Hits Second Defendant as First Seeks Transfer to Northern California
Publicly traded Quest Patent Research Corporation (QPRC) subsidiary Harbor Island Dynamic LLC (HID) has filed a second case, accusing NXP Semiconductors (2:24-cv-00717) of infringing two of the four patents already in suit, since February 2024, against Samsung. In its latest 10-Q, QPRC indicates that the seven patents acquired in March 2023 from Newfort Fab, LLC (d/b/a Tower Semiconductor Newport Beach, Inc.) were picked up “for a purchase price of $3,300,000 pursuant to which [QPRC] retains an amount equal to the purchase price plus a negotiated return and any fees out of net proceeds, as defined in the agreement, after which Tower in entitled to a percentage of further net proceeds realized, if any”.
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