Apple ordered to pay $506 million to university for processor patent infringement

Share
Apple ordered to pay $506 million to university for processor patent infringement

The lawsuit was filed by the Wisconsin Alumni Research Foundation, citing a 1998 patent for improving chip efficiency that has apparently been employed by Apple's A7, A8, and A8X chipsets that have powered various iPhones and iPads. According to Reuters, in a surprise move today the judge almost doubled the $234 million put forward by the jury after first being hit with $862.4 million in damages when originally found guilty in 2015.

The original amount was actually set at $862 million, but the judge at that time slashed it to $234 million.

Apple has been ordered by U.S. District Judge William Conley to pay the University of Wisconsin-Madison's patent licensing arm $506USD million. The ruling was announced by U.S. District Judge William Conley. While Apple is pretty loaded in terms of cash, $506 million is definitely no small figure to be sneezed at. Apple intends to appeal Conley's ruling.

This was to account for ongoing royalties that Apple owed at the rate of $2.74 per infringing unit from the date of the judgment to December 2016, when the patent expired, plus interest.

The fines paid by Apple are $272 million more than a $234 million federal jury ruling in 2015.

While this case is seemingly wrapping up, Apple is still facing another lawsuit from the University of Wisconsin-Madison. Apple is no stranger to litigation and right or wrong, expect them to fight to the tooth over a case this large. The company was sued for making use of a "predictor circuit" developed by the Wisconsin Alumni Research Foundation (WARF).

Share

Advertisement

Related Posts

Australian Inflation Muted in 2Q
The annual inflation comes nearly at mid-range for the central bank goal of a 1-3%. The RBA has now been sidelined when it comes to moving the interest rate.

LGBT group head to Syria to fight ISIS
ISIS has been has persecuting people of LGBT community for several years now, but things might just change. The group announced its unit on Twitter recently and has already taken the Internet by storm.

Amber Rose talks about her 'heart break' over Kanye West
In fact, in one interview, she said that her "real love" was her husband, Khalifa. She was so devastated that she even considered suicide.

Dollar in holding pattern as Fed two-day policy meeting gets underway
When asked if she would consider serving another term in front of the Senate, Yellen declined to answer. The central bank has raised rates twice this year, including at its last policy meeting in June.

Ford makes $2B in second quarter, up 3.7%
Ford Motor Co ( F ) announced a profit for its second quarter that rose compared to the same period a year ago . Wednesday's earnings report was the first under Hackett's tenure, who replaced Mark Fields in late May.

Nokia to unveil flagship Android Phone August 16th
The next two releases from the company are expected to be that of the budget Nokia 2 and the flagship Nokia 8 smartphone. If Nokia 8 will launch on August 16 as expected then it will probably launch in India after few months.

Snapdeal board approves Flipkart's acquisition offer
Despite being valued at $60 million, this cut-price deal marks a significant erosion of value for the payments arm of Snapdeal. Snapdeal and Flipkart board are expected to meet this week to sign the Term Sheet and finalise the deal.

Did Maldives govt lock down parliament to avoid vote?
He said the opposition MPs were pepper sprayed and tear gassed by the police, and stopped from entering the parliament. In 2015, he was sentenced to 13 years in prison on terrorism charges that were widely seen as politically motivated.

Taliban rout Afghan troops near Kandahar
Kabul has been battered by explosions claimed by the Taliban and by the Islamic State group's affiliate in Afghanistan. Several prominent political leaders, such as Hazara leader Mohammad Mohaqiq, live in western Kabul .

Man bathing in pond attacked by alligator in Charlotte County
Iman was flown by helicopter to Lee Memorial Hospital in Fort Myers, where he was listed in fair condition, according to NBC2. The Florida Fish and Wildlife Conservation Commission said the gator bit Fredrick Iman, 68, as he was bathing in a pond.

© 2015 ExpressNewsline. All Rights reserved.