Intel loses Texas patent trial, ordered to pay $2.18 billion in damages

(Reuters) – Chipmaker Intel Corp was ordered to pay $2.18 billon by a federal jury after losing a patent-infringement trial in Texas on Tuesday.

Intel infringed two patents related to chip-making owned by VLSI Technology LLC the jury ruled.

The jury found $1.5 billion for all damages caused to VLSI on infringement of the first patent and $675 million for the infringement of the other.

“Intel strongly disagrees with today’s jury verdict. We intend to appeal and are confident that we will prevail,” the Santa Clara, California-based company said.

Intel’s shares closed down 2.6% at $61.24.

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