Intel responded that it was awarded US $948 million in VLSI royalties: strongly opposed and will appeal

CTOnews.com, Nov. 17 (Xinhua)-- recently, a federal jury in Texas said on Tuesday that Intel must pay $948.8 million (about 6.708 billion yuan) to VLSI Technology LLC for infringing a VLSI computer chip patent.

An Intel spokesman said the company "strongly opposes" the decision and plans to appeal the case, which is "one of many examples of the urgent need for reform of the U.S. patent system."

Today, Intel officially responded, "VLSI is a non-patent executive (NPE,non practicing entity) set up by hedge fund Fortress, commonly known as" patent rogue ", which squeezes high compensation from innovative companies such as Intel through lawsuits. Intel has repeatedly been forced to defend VLSI's unfair patent infringement allegations. We strongly object to the jury's verdict and the amount of compensation awarded. We are prepared to appeal and are confident about it. "

CTOnews.com learned that VLSI, a patent holding company owned by private equity firm Fortress Investment Group of the Softbank Corp. Group, found in a six-day trial that Intel's Cascade Lake and Skylake microprocessors infringed its patents covering data processing improvements that VLSI bought from Dutch chipmaker NXP Semiconductor.