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Image: Intel
Intel may have to cope with losing nearly half of its fourth-quarter profit after losing a patent trial case in Texas. The chipmaker’s costly defeat was shared by Bloomberg Law earlier this week, which published a story confirming that Intel had been ordered to pay a remarkable $2.18 billion for allegedly infringing upon two patents held by VLSI Technology, Inc. that helped increase the power and speed of its processors. VLSI used to design and manufacture custom and semi-custom integrated circuits but no longer has any products.
“[VLSI] took two patents off the shelf that hadn’t been used for 10 years and said, ‘We’d like $2 billion,”’ William Lee, Intel’s lawyer, told the jury. Describing the demand by VLSI as an...
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