A federal jury in Pittsburgh ruled that Marvell Technologies (s mrvl), which makes energy-efficient chips for servers and phones, violated two patents belong to Carnegie Mellon University and directed Marvell to pay an eye-popping $1,169,140,271 in damages.
The jury verdict, one of the largest such patent rulings in history, is obviously a setback for Bermuda-based Marvell, which is using ARM-based chips to challenge Intel for a share of the enterprise data market. Its share price fell about 10 percent on Wednesday.
The jury also ruled that Marvell violated the patents intentionally, which means Carnegie Mellon can ask the judge to triple the initial $1.17 billion verdict. Marvell, however, will almost certainly appeal the ruling. Court records show…
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