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Intel fails to overturn $2.18 billion patent verdict

Tue, August 10, 2021, 2:47 PM·1 min read
(Reuters) - A U.S. judge has rejected Intel Corp's request to set aside a jury verdict ordering the chipmaker to pay VLSI Technology LLC $2.18 billion for patent infringement.

U.S. District Judge Alan Albright in Waco, Texas, denied Intel's motion for a new trial in a sealed order issued late Monday.

Jurors had on March 2 awarded VLSI $1.5 billion and $675 million for Intel's respective infringements of two patents that were once owned by Dutch chipmaker NXP Semiconductors NV.

Intel did not immediately respond on Tuesday to requests for comment.

In seeking a new trial, Intel said the verdict was tainted by erroneous jury instructions and evidentiary rulings, and appeared to be based on earlier Intel settlements that VLSI's own damages expert admitted were not comparable.

The Santa Clara, California-based company also said the verdict was the second largest by a jury in a patent case, and that the three other largest verdicts had been vacated.

A different Waco jury ruled in Intel's favor on April 21 in a separate patent infringement lawsuit where VLSI had sought $3.1 billion.

(Reporting by Blake Brittain and Jonathan Stempel in New York; Editing by David Holmes)

https://finance.yahoo.com/news/intel-fails-overturn-2-18-184719536.html