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Technology Stocks : Intel Corporation (INTC)
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From: Sr K12/4/2023 3:05:10 PM
   of 186883
 
Intel Wins U.S. Appeal to Overturn $2.2 Billion VLSI Patent Verdict

The ruling vacates the roughly $2.2 billion awarded to VLSI by a jury in 2021
By
Will Feuer
Dec. 4, 2023 1:08 pm ET

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A U.S. appeals court vacated a patent-infringement verdict won by VLSI Technology. PHOTO: DADO RUVIC/REUTERS
A U.S. appeals court has sided with Intel, vacating a roughly $2.2 billion patent-infringement verdict won by VLSI Technology, which argues that some technology in Intel’s microprocessors infringe on VLSI’s patents.

The U.S. Court of Appeals for the Federal Circuit affirmed a jury’s verdict that Intel infringed on one of VLSI’s patents and reversed the verdict that Intel infringed on another of the company’s patents. The Federal Circuit sent the case back for further proceedings to determine how much Intel owes in damages.

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