April 21 (Reuters) – A US jury ruled on Wednesday in a patent infringement lawsuit filed by VLSI Technology LLC against Intel Corp (INTC.O).
VLSI, a unit of hedge fund Fortress Investment Group, sued Intel in April 2019, alleging that products with “Speed Shift” technology infringed patents assigned to it.
VLSI had sought $3.1 billion in damages.
The verdict was reached by a federal jury in Waco, Texas.
VLSI’s attorney did not immediately respond to a request for comment.
Intel’s attorney declined to comment.
This comes after another Waco jury on March 2 ordered Intel to pay VLSI $2.18 billion for infringing on two other patents once owned by Dutch chipmaker NXP Semiconductors NV (NXPI.O). . Continue reading
Intel is seeking a new trial in this case and has announced that it will appeal the $2.18 billion judgment.
A third trial using a similar patented technology is planned for June.
Reporting by Blake Brittain in Washington, DC; Additional reporting by Jonathan Stempel in New York; Edited by Chris Reese and David Gregorio
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