A jury says Intel owes $2.18 billion for infringing a zombie chip company’s patents
Intel may owe quite a bit of cash to a semiconductor company that hasn’t existed for 20 years. A Texas jury has asked Intel to pay $2.18 billion for infringing two patents owned by VLSI Technology, according to Bloomberg.
VLSI seemingly rose from the dead in 2019 specifically to sue. The last time it was a company was in 1999 when Philips purchased the semiconductor design firm for $1 billion, with its assets later traveling to Philips spinoff NXP (which you may know from its tap-to-pay NFC chips, among other things). NXP will reportedly get some of Intel’s money, too.