• 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
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • US, UK equities upgraded at UBS, Europe downgraded
    • India stocks lower at close of trade; Nifty 50 down 0.89%

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

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