Intel Fails to Overturn $2.18-Billion Patent Verdict, Plans Attraction
A US decide has rejected Intel’s request to put aside a jury verdict ordering the chipmaker to pay VLSI Know-how LLC $2.18 billion (roughly Rs. 16,225 crores) for patent infringement.
US District Choose Alan Albright in Waco, Texas, denied Intel’s movement for a brand new trial in a sealed order issued late Monday.
Jurors on March 2 had awarded VLSI $1.5 billion (roughly Rs. 11,170 crores) and $675 million (roughly Rs. 5,020 crores) for Intel’s respective infringement of two patents that have been as soon as owned by Dutch chipmaker NXP Semiconductors NV.
Intel stated in a press release on Tuesday it was upset with the choice and supposed to attraction. It additionally known as for reforms to forestall “litigation buyers” from utilizing low-quality patents to extract “exorbitant” damages, saying the apply stifles innovation and hurts the economic system.
In in search of a brand new trial, Intel stated the decision was tainted by faulty jury directions and evidentiary rulings, and seemed to be primarily based on earlier Intel settlements that VLSI’s personal damages skilled admitted weren’t comparable.
Santa Clara, California-based Intel famous that the decision was the second largest by a jury in a patent case, and that the three different largest verdicts had been vacated.
A unique Waco jury dominated in Intel’s favour on April 21 in a separate patent infringement lawsuit during which VLSI had sought $3.1 billion (roughly Rs. 23,070 crores).
© Thomson Reuters 2021