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Marvell to pay $1.17 billion in damages over patents

Marvell Technologies gets hit with $1.17 billion patent verdict

| Business, Financial & Legal News | Posted: Dec 27, 2012 5:34 am

Chip maker Marvell has been hit with a huge patent fine, with the company violating two patents that are held by Carnegie Mellon University, which has seen a Pittsburgh federal jury award the University $1,169,140,271 in damages.

 

TweakTown image news/2/7/27499_02_marvell_to_pay_1_17_billion_in_damages_over_patents.jpg

 

The two patents were issued in 2001 and 2002 and are in relation to techniques of using noise signals to more precisely record data sequences. With Marvell wanting to take on Intel in the huge enterprise data market with their ARM-based chips, this is a huge setback having to shell out over a billion dollars.

 

The jury also ruled that Marvell violated the patents in question internationally, which will allow Carnegie Mellon to ask the judge to triple the already huge $1.17 billion verdict. Of course, Marvell will appeal the ruling, and they'll most likely make a mess of the case as court records have already shown that the company have demanded a mistrial, with the reason behind this unknown.

 

You can go through the jury verdict right here if you wish.

NEWS SOURCE
Gigaom.com

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