Intel owes record $2.2bn patent damages says jury verdict
Intel has been hit with a $2.18 billion damages verdict after a federal jury in Texas ruled that the chipmaker had infringed two patents owned by VLSI Technology.
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11 May 2022 Intel has been ordered to pay $162 million in prejudgment interest to VLSI Technology on top of $2.1 billion in damages for infringing two patents.
16 September 2022 The award is one of the largest patent damages awards in US history | Intel argues that VLSI Technology presented an ‘unreliable damages model’.
15 May 2023 Decision undermines an earlier jury verdict which delivered record damages of £2.2bn | Board finds all challenged claims on one of the patents at issue ‘unpatentable’ | Decision is ‘destabilising’, according to one lawyer.