$400 million was payed by Samsung in FinFet Patent Dispute
By the licensing arm of South Korean universities, the big brand named as Samsung Electronics Co. was told to pay $400 million after a federal jury in Texas said it infringed a patent by this Samsung pledge to appeal for. They were not told to pay any damages to the licensing arm of the Korea Advanced Institute of Science and Technology, one of South Korea’s top research universities but Qualcomm Inc. and GlobalFoundries Inc. also were found to have infringed the patents. FinFet which is known as the dispute centers on technology is a type of transistor that boosts performance and reduces power consumption for increasingly smaller chips. The universities licensing arm known as the KAIST IPUS has claimed in its initial complaint that Samsung was dismissive of the FinFet research at first, believing it would be a fad. When rival Intel Corp. started licensing the invention and developing its own products, according to KAIST IP everything was changed till that.
The world’s largest chipmaker known as Samsung has claimed that it worked with the universities to develop the technology and denied infringing the patent and also it helps to change the validity of the patent. The thing which 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 was found to be the Samsung’s infringement. Samsung said in a statement that it will consider all options to obtain an outcome that is reasonable which also includes an appeal.
The modern processor used in mobile phones with the production which is key to technology, these techniques are used by the GlobalFoundries and Samsung manufacture chips. You must be familiar with your smartphone chip which is of Qualcomm, it is the largest maker of chips used in phones, is a customer of both companies. These companies have on a joint defense. This case about the chip making has a clash between South Korea’s top research-oriented science and as well as engineering institution and a company that’s critical to the country’s economy. What if Lawyers for KAIST IP declined to comment on the verdict. one of the institutes is in the Korea KAIST IP is based in the Dallas suburb of Frisco, Texas, and it filed the suit in Marshall, Texas, — a venue considered particularly friendly to patent owners.
