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Micron hit with $445 million US verdict in Netlist patent trial
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Micron hit with $445 million US verdict in Netlist patent trial
May 23, 2024 6:07 PM

(Reuters) - Chipmaker Micron Technology owes computer-memory company Netlist ( NLST ) $445 million in damages for violating Netlist's ( NLST ) patent rights in memory-module technology for high-performance computing, a U.S. jury said on Thursday.

Jurors in the U.S. District Court for the Eastern District of Texas agreed with Netlist ( NLST ) that Micron's semiconductor-memory products infringe two Netlist ( NLST ) patents related to technology for improving the capacity and performance of memory modules.

The jury also concluded that Micron infringed the patents willfully, which could lead to a judge multiplying the damages by up to three times.

Representatives for Micron did not immediately respond to a request for comment on the verdict.

"We are grateful for the jury's service, and their recognition of the importance of Netlist's ( NLST ) innovation," Netlist ( NLST ) attorney Jason Sheasby said in a statement.

Netlist ( NLST ) won a $303 million verdict against Samsung in the same court last year in a related dispute over high-performance computer memory patents.

Boise, Idaho-based Micron's stock price has surged this year based on demand for its chips used to power artificial-intelligence technology. Irvine, California-based Netlist ( NLST ) sued Micron in 2022, alleging that three of its semiconductor memory-module lines infringed its patents.

Micron denied the allegations and raised several defenses, including arguments that the patents were invalid.

A U.S. Patent and Trademark Office tribunal invalidated one of the patents in April, which could eventually reduce the size of the verdict.

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