SAMSUNG INFRINGED PATENT: LOSING $400 MILLION

samsung logoA court in Texas as found Samsung violated a patent owned by a South Korean University. This was posted after the markets closed on Friday, June 15, 2018.

The  KAIST IP US patent concerns the FinFET designed used by Intel, AMD, Qualcomm and others. Samsung, unlike the others, did not license the patent and instead used the designs anyway.

Samsung’s infringement was found to be “willful,” or intentional, meaning the judge could increase the damage award to as much as three times the amount set by the jury. The company said it was disappointed by the verdict.

No surprise that Samsung has said they will appeal the $400 million award.

Samsung is also facing problems over the price of RAM which is being investigated by several jurisdictions.