Intel was sued for losing two patents with a ten-year history, demanding it to pay US$2.18 billion, Bloomberg There are reports. The jury ruled that Intel infringed a patent related to clock frequency and voltage owned by a company called VLSI LLC. The company said: “Intel strongly disagrees with today’s jury verdict.” Bloomberg In a statement. “We intend to appeal and are confident that we will win.”
VLSI CEO Michael Stolarski said: “The jury is very pleased with the value of the innovation reflected in the patents and very satisfied with the jury̵
VLSI is a legal semiconductor company founded in 1979 and is one of ARM Ltd.’s initial investment partners. It was acquired by Philips for US$1 billion in 1999, part of which is still surviving Philips’ NXP derivatives. In addition, VLSI LLC was launched again four years ago and regained control of two patents. However, Intel attorney William Lee argued that the company has no products and its only potential source of income is litigation. Lee told the jury: “VLSI]cancelled two patents that had not been used for 10 years, and said,’We want $2 billion.’
The case was presided over by Judge Alan Albright in the U.S. District Court for the Western District of Texas. Albright is “a former patent litigation and magistrate who was sworn in as a federal judge in 2018 and quickly turned his court into one of the most popular courts for patent owners.” Bloomberg famous.