Intel avoids another payout in patent trials: report
Dow Jones2021-04-22
Intel Corp. $(INTC)$ was found by a federal jury to have not infringed patents once held by NXP Semiconductors NV $(NXPI)$, according to reports late Wednesday. A federal jury in Waco, Texas, ruled that Intel did not infringe two patents held by VLSI Technology LLC that make chips faster using less energy, Bloomberg News reported .
That follows another Texas jury in March that ruled against Intel, ordering the chip maker to pay $2.18 billion to VLSI, over other patents. Shares of Intel were up 0.3% after hours, following a 1.6% gain in the regular session to close at $63.70.
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