A federal jury in Texas said on Tuesday that Intel must pay VLSI Technology LLC $948.8 million for infringing patents on VLSI computer chips. In response, an Intel spokesman said it "strongly disagrees" with the decision and plans to appeal, adding that the case is "one of many examples that demonstrate the urgent need for reform of the U.S. patent system."
On November 17, Intel stated to Aijiwei that VLSI is a non-patent implementing entity (NPE, non-practicing entity) established by the hedge fund Fortress, commonly known as "patent hooligans", which specialize in extracting high profits from innovative companies such as Intel through litigation. amount of compensation. Intel has repeatedly been forced to defend VLSI against baseless patent infringement claims. We strongly disagree with the jury's verdict and the amount of damages awarded. We are prepared to appeal and feel confident about it.
It is reported that VLSI is a patent holding company affiliated to Fortress Investment Group, a private equity company under SoftBank Group.