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Intel defeats VLSI Technology in $3.1 bln patent trial

2 minute read

April 21 (Reuters) - A U.S. jury on Wednesday ruled in favor of Intel Corp (INTC.O) in a patent infringement lawsuit filed against it by VLSI Technology LLC.

VLSI, a unit of the hedge fund Fortress Investment Group, had sued Intel in April 2019, alleging that products using "Speed Shift" technology infringed patents it had been assigned.

VLSI had sought $3.1 billion in damages.

The verdict was issued by a federal jury in Waco, Texas.

VLSI's lawyer did not immediately return a request for comment.

Intel's attorney declined to comment.

It came after a different Waco jury on March 2 ordered Intel to pay VLSI $2.18 billion for infringing two other patents once owned by Dutch chipmaker NXP Semiconductors NV (NXPI.O). read more

Intel is seeking a new trial in that case, and has said it intended to appeal the $2.18 billion verdict.

A third trial over similar patented technology is scheduled for June.

Reporting by Blake Brittain in Washington, D.C.; Additional reporting by Jonathan Stempel in New York; Editing by Chris Reese and David Gregorio

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