VLSI Technology LLC and Intel have agreed to put an end to a patent dispute in Delaware. According to a court filing, Intel previously claimed that VLSI had demanded more than $4 billion in damages.
VLSI is a patent holding company that has brought several infringement lawsuits against Intel. It has won over $3 billion in jury verdicts from two other cases.
According to the filing, VLSI would dismiss the Delaware case with prejudice, i.e., it cannot be brought again. It also said VLSI has agreed not to sue Intel’s customers or suppliers over the five patents in discussion in the case. It highlighted that neither party was paying the other to end it.
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Intel acknowledged on Tuesday that VLSI had agreed to dismiss the Delaware case. However, it did not provide additional details.
Intel asked US District Judge Colm Connolly to dismiss the case in an unsealed filing earlier this month, arguing VLSI’s complicated structure was allowing its investors to reap any benefits from this suit while hiding their identities from the court and the public.