Big Law

Intel Wins U.S. Appeal to Overturn a $2.18 Billion VLSI Technology Patent Verdict

A U.S. appeals court on Monday threw out a $2.18 billion patent-infringement award won by patent owner VLSI Technology against Intel Corp, overturning one of the largest verdicts in the history of U.S. patent law.

The U.S. Court of Appeals for the Federal Circuit reversed the jury’s 2021 verdict that Intel infringed one VLSI patent, and sent the case back to Texas for a new trial to determine how much Intel owes for infringing a second VLSI patent.

Patent holding company VLSI is owned by investment funds managed by Fortress Investment Group. Abu Dhabi’s Mubadala Investment Co agreed to acquire a majority share of Fortress from Japan-based Softbank Group Corp this year.

Read the source article at Yahoo Finance

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