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Intel Corp. has been ordered to pay $2.18 billion to VLSI Technology after losing a patent-infringement trial over technology related to chip-making. Intel pledged to appeal.
ntel infringed two patents owned by closely held VLSI Technology LLC, the jury in Waco, Texas, said Tuesday. The jury found $1.5 billion for infringement of one patent and $675 million for infringement of the second. The jury rejected Intelās denial of infringing either of the patents and its argument that one patent was invalid because it claimed to cover work done by Intel engineers.
VLSI ātook two patents off the shelf that hadnāt been used for 10 years and said, āWeād like $2 billion,āā [Intel lawyer William Lee of WilmerHale told the jury. The āoutrageousā demand by VLSI āwould tax the true innovators.ā
He had argued that VLSI was entitled to no more than $2.2 million.
āIntel strongly disagrees with todayās jury verdict,ā the company said in a statement. āWe intend to appeal and are confident that we will prevail.ā
Via: Bloomberg