Stay Informed. Stay Competitive. Get Free Email Updates Dow 30 & Emerging Growth

Stay Informed. Stay Competitive.

Get Free Updates

Dow 30 & Emerging Growth

Intel Fails To Win Court Approval To Toss $2.18B VLSI Technology LLC Patent Verdict

By John F. Heerdink, Jr.

Reportedly, Intel Corporation (INTC) has failed to gain approval to throw out a $2.18 billion jury verdict that ordered the chipmaker to pay VLSI Technology LLC the amount for patent infringement. U.S. District Judge Alan Albright in Waco, Texas, denied Intel’s move for a new trial in a sealed order.

On March 2, Jurors awarded VLSI $1.5 billion and $675 million for Intel’s respective infringement of two patents that were once owned by Dutch chipmaker NXP Semiconductors NV. Intel expressed disappointment over the decision and intended to appeal. It also asked for reforms to prevent “litigation investors” from using low-quality patents to pull “exorbitant” damages, expressing the practice stifles innovation and hurts the economy.

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.

(Read Original Story: UPDATE 1-Intel fails to overturn $2.18 billion patent verdict, plans appeal in Reuters)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us