Chipmaker Intel Corp. must pay a technology rival $2.18 billion after a federal jury decided that Intel infringed on its patent, a federal court ruled on Tuesday.
Intel infringed two patents related to chip-making owned by VLSI Technology LLC the jury ruled.
In a statement, Michael Stolarski, chief executive of VLSI Technology, said the firm was “pleased that the jury recognized the value of the innovations as reflected in the patents and are extremely happy with the jury verdict.”
The jury found $1.5 billion for all damages caused to VLSI on infringement of the first patent and $675 million for the infringement of the other.
“Intel strongly disagrees with today’s jury verdict. We intend to appeal and are confident that we will prevail,” the Santa Clara, California-based company said.
Intel’s shares closed down 2.6 percent at $61.24.
By Chavi Mehta and Stephen Nellis
- San Francisco Overdose Deaths Far Outpaced COVID-19 Deaths in 2020
- Arizona State Troopers Release 17 Illegal Aliens After ICE Declines to Take Custody
- 5,800 Fully Vaccinated Americans Have Contracted COVID-19, 74 Dead: CDC
- Rubio: Nobody in GOP Can Defeat Trump in 2024
- Trump Alumni Launch Largest Non-Profit to Advance America First Policy
- Trump Promises ‘Orderly Transition’ After Biden Certified as President-Elect on
- Trump Says Supreme Court ‘Incompetent and Weak’ Over Election Fraud on
- NH’s Voting Machines Are Capable of Redistributing Votes on
- Dominion’s Parent Company Arranges $400 Million Placement 1 Month Before Election: SEC Filing on
- Joe Biden listed as criminal suspect in Ukrainian court on