financetom
Technology
financetom
/
Technology
/
Samsung ordered to pay $118 million for infringing Netlist patents
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung ordered to pay $118 million for infringing Netlist patents
Nov 22, 2024 2:10 PM

(Reuters) - A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist ( NLST ) $118 million in damages from Samsung Electronics ( SSNLF ) in a patent lawsuit over technology for improving data processing in high-performance memory products.

The verdict follows a $303 million verdict against Samsung for Irvine, California-based Netlist ( NLST ) in a related case last year.

Netlist also won $445 million from chipmaker Micron in May in a separate lawsuit over some of the same patents.

Spokespeople for Samsung and Netlist ( NLST ) did not immediately respond to requests for comment on the Friday verdict. The jury also determined that Samsung's infringement was willful, which could lead to a judge increasing the award by up to three times.

Netlist ( NLST ) sued Samsung in 2022, alleging that the Korean tech giant's memory modules used in cloud computing servers and other data-intensive technology infringed its patents. Netlist ( NLST ) said its innovations increase the power efficiency of memory modules and enable users to "derive useful information from vast amounts of data in a shorter period."

Samsung denied the allegations, arguing that the patents were invalid and that its technology worked differently than Netlist's ( NLST ) inventions.

Samsung has also filed a related lawsuit in Delaware federal court accusing Netlist ( NLST ) of breaking an obligation to offer fair licenses for technology required to comply with international standards.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Call Of Duty: Black Ops 6 Leads Video Game October Sales In The US
Call Of Duty: Black Ops 6 Leads Video Game October Sales In The US
Nov 22, 2024
October was a strong month for the gaming industry, with eight of the top ten best-selling games in the U.S. being new releases. Call of Duty: Black Ops 6 topped the charts, contributing to a 10% year-over-year increase in U.S. video game spending, which reached $4.7 billion. According to Circana’s monthly report (via IGN), Black Ops 6 is already the...
Samsung ordered to pay $118 million for infringing Netlist patents
Samsung ordered to pay $118 million for infringing Netlist patents
Nov 22, 2024
(Reuters) - A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist ( NLST ) $118 million in damages from Samsung Electronics ( SSNLF ) in a patent lawsuit over technology for improving data processing in high-performance memory products. The verdict follows a $303 million verdict against Samsung for Irvine, California-based Netlist ( NLST ) in a...
US Supreme Court to decide Federal Communications Commission fund's legality
US Supreme Court to decide Federal Communications Commission fund's legality
Nov 22, 2024
WASHINGTON (Reuters) - The U.S. Supreme Court agreed on Friday to decide the legality of a congressionally authorized fund operated by the Federal Communications Commission to expand access to telecommunications services in a challenge accusing Congress of unlawfully delegating its authority to an independent federal agency. The justices took up an appeal by the FCC and another group of a...
Factbox-Top cases now before the US Supreme Court
Factbox-Top cases now before the US Supreme Court
Nov 22, 2024
(Reuters) -The U.S. Supreme Court's nine-month term that began on Oct. 7 includes cases involving guns, gender-affirming medical care for transgender minors, online pornography, federal regulatory powers concerning nuclear waste storage and vape products, job discrimination, voting rights, securities fraud suits and more. Here is a look at some of the cases before the justices. 'GHOST GUNS' The court on...
Copyright 2023-2025 - www.financetom.com All Rights Reserved