• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Samsung ordered to pay $118 million for infringing Netlist patents

by November 23, 2024
written by November 23, 2024

By Blake Brittain

(Reuters) – A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist (OTC:NLST) $118 million in damages from Samsung Electronics (KS:005930) 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 in a related case last year.

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

Spokespeople for Samsung and Netlist 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 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 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 inventions.

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

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Exclusive-Saudi Aramco unit in talks to invest $1 billion in US software maker Mavenir, sources say
next post
Nissan persuades US court to decertify brake defect class actions

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes
    • Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy