It said Marvell should pay $1.17 billion in compensation - however that sum could be multiplied up to three times by the judge because the jury had also said the act had been “willful”. Marvell‘s shares fell more than 10%.
The maximum penalty would be close to the $3.96 billion value of the company, based on its market capitalization. Marvell told the Wall Street Journal it would try to convince the judge to reverse the judgment, and would appeal if that failed.
The university’s law firm issued a statement saying it took “pride” in securing the award following Marvell‘s failure to license the university’s intellectual property.
Marvell makes a range of chips, which includes processors which power devices including Blackberry smartphones, Sony Google TV internet video boxes and LED lighting controllers, as well as hard disks. Among the disk makers, Western Digital has been its biggest customer over recent years.
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reporter
Park Sae-jin
swatchsjp@ajunews.com