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Technology

Chip maker Marvell smacked with $1.17 billion patent verdict

Gigaom

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 patents in question, which were issued in 2001 and 2002, relate to techniques of using noise signals to more accurately record data sequences. (You can see the two patents here and here).

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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About Nicholas Maithya

I am a writer focussing on disruptive technology, Fintech, Big Data and Internet of Things, Online Marketing trends, and investments. When I am not writing about these, I am probably in the gym working out, out and about with family, watching the news (basically business/technology) or soccer. That's why I do sometimes cover soccer-related stories.

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