VLSI Patent Litigation Awarded Intel $949 Million U.S.

Intel Corp (NASDAQ:INTC) must pay $948.8 million to VLSI Technology LLC for infringing a computer chip patent.

VLSI, a patent-holding company linked to SoftBank Group Corp.'s Fortress Investment Group, claimed Intel's Cascade Lake and Skylake microprocessors violated its data processing patent.

Intel "seriously disagrees" with the verdict and plans to appeal, saying the case shows the need for patent system reform.

VLSI's lawyer didn't comment on the verdict.

VLSI won $2.2 billion against Intel in a Texas dispute over semiconductor patents in March. Intel has appealed. VLSI lost another patent trial to Intel the next month.

VLSI bought the trial property from NXP Semiconductors NV (NASDAQ:NXPI).

VLSI's attorney said Intel's chips cause "millions upon millions of patent infringements per second." The jury granted the firm's full damages.

During the trial, an Intel attorney said the company's engineers created their discoveries independently and that its current microprocessors wouldn't function with VLSI's obsolete technology.

VLSI has also sued Intel in Northern California and Delaware. California's trial is set for 2024.