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 Decide 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 had been as soon as owned by Dutch chipmaker NXP Semiconductors NV.
Intel stated in a press release on Tuesday it was dissatisfied with the choice and meant to enchantment. It additionally referred to as for reforms to stop “litigation buyers” from utilizing low-quality patents to extract “exorbitant” damages, saying the follow stifles innovation and hurts the economic system.
In searching for a brand new trial, Intel stated the decision was tainted by misguided jury directions and evidentiary rulings, and gave the impression to be based mostly on earlier Intel settlements that VLSI’s personal damages knowledgeable 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 distinct Waco jury dominated in Intel’s favour on April 21 in a separate patent infringement lawsuit by which VLSI had sought $3.1 billion (roughly Rs. 23,070 crores).
© Thomson Reuters 2021