A U.S. jury on Wednesday ruled in favor of Intel Corp in a patent infringement lawsuit filed against it by VLSI Technology LLC.
VLSI, a unit of the hedge fund Fortress Investment Group, had sued Intel in April 2019, alleging that products using “Speed Shift" technology infringed patents it had been assigned.
VLSI had sought $3.1 billion in damages.
The verdict was issued by a federal jury in Waco, Texas.
VLSI’s lawyer did not immediately return a request for comment.
Intel’s attorney declined to comment.
It came after a different Waco jury on March 2 ordered Intel to pay VLSI $2.18 billion for infringing two other patents once owned by Dutch chipmaker NXP Semiconductors NV.
Intel is seeking a new trial in that case, and has said it intended to appeal the $2.18 billion verdict.
A third trial over similar patented technology is scheduled for June.
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