Intel Fails to Overturn $2.18-Billion Patent Verdict, Plans Attraction
A US choose has rejected Intel’s request to put aside a jury verdict ordering the chipmaker to pay VLSI Expertise 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 an announcement on Tuesday it was dissatisfied with the choice and meant to attraction. It additionally known as for reforms to stop “litigation traders” from utilizing low-quality patents to extract “exorbitant” damages, saying the apply stifles innovation and hurts the financial system.
In looking for a brand new trial, Intel stated the decision was tainted by misguided jury directions and evidentiary rulings, and gave the impression 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 wherein VLSI had sought $3.1 billion (roughly Rs. 23,070 crores).
© Thomson Reuters 2021