Raevenlord
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Bloomberg is reporting that Samsung was hit with a $400 million fine last Friday, (ahem) courtesy of a Texas federal jury. The source of the patent infringement relates to FinFET-specific technology that is being said was "illegally, and willfully taken" from the licensing arm of Korea Advanced Institute of Science and Technology (KAIST), the South Korean university. If you're wondering why was such a case between two South Korean institutions settled in Texas, well - KAIST IP US, the university's licensing arm is strangely (or not) based in the Dallas suburb of Frisco, Texas, - a venue considered "particularly friendly" to patent owners.
The $400 million is just the initial sum; since Samsung's mishandling of the intellectual property (usage without payment) was found to be "willful", the company could be faced with up to three times those charges. Bloomberg's report says that KAIST claimed in its initial complaint that Samsung was dismissive of the FinFet research at first, believing it would be a fad. Apparently, that all changed when rival Intel Corp. started licensing the invention and developing its own products, according to KAIST IP. Samsung, naturally, disagrees: the company that it helped the university develop the technology in the first place, and that it was "disappointed by the verdict", and "will consider options to obtain an outcome that is reasonable, including an appeal."
View at TechPowerUp Main Site
The $400 million is just the initial sum; since Samsung's mishandling of the intellectual property (usage without payment) was found to be "willful", the company could be faced with up to three times those charges. Bloomberg's report says that KAIST claimed in its initial complaint that Samsung was dismissive of the FinFet research at first, believing it would be a fad. Apparently, that all changed when rival Intel Corp. started licensing the invention and developing its own products, according to KAIST IP. Samsung, naturally, disagrees: the company that it helped the university develop the technology in the first place, and that it was "disappointed by the verdict", and "will consider options to obtain an outcome that is reasonable, including an appeal."
View at TechPowerUp Main Site
