Intel asked to pay $2.18 billion after losing Texas patent trial – Bloomberg News

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According to source Intel asked to pay $2.18 billion after losing Texas patent trial – Bloomberg News so lets continue.

(Tech News Update) – Intel Corp was asked to pay $2.18 billon after losing a patent-infringement trial over technology related to chip-making, Bloomberg News reported on Tuesday.

Intel infringed two patents owned by VLSI Technology LLC, a federal jury in Waco, Texas, said, according to the report. (bloom.bg/3r6kXL0)

“Intel strongly disagrees with today’s jury verdict. We intend to appeal and are confident that we will prevail,” the Santa Clara, California-based company said.

Reporting by Chavi Mehta in Bengaluru and Stephen Nellis in San Francisco; Editing by Shounak Dasgupta

(This story has not been edited by Bollyinside staff and is auto-generated from a syndicated feed.)

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