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


© Reuters.

(Reuters) – Intel Corp (NASDAQ:) 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. (

“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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.