Netlist Secures Order Finalizing $303 Million Damages Award Against Samsung
Netlist, Inc. (OTCQB:NLST) has secured a final order in its patent infringement case against Samsung Electronics. The United States District Court for the Eastern District of Texas has denied Samsung's post-trial motions, upholding the jury's verdict and $303,150,000 damages award from the April 2023 trial. The court confirmed that Samsung willfully infringed Netlist's patented technologies related to high bandwidth memory (HBM) and DDR5 memory, which are important for generative AI computing. The award represents a reasonable royalty for a past damages period. Netlist's CEO, C.K. Hong, emphasized the growing value of their technology in enabling AI.
Netlist, Inc. (OTCQB:NLST) ha ottenuto un'ordinanza finale nel suo caso di violazione di brevetto contro Samsung Electronics. Il Tribunale Distrettuale degli Stati Uniti per il Distretto Orientale del Texas ha respinto le mozioni post-processo di Samsung, mantenendo il verdetto della giuria e l'assegno di danni di $303.150.000 del processo di aprile 2023. Il tribunale ha confermato che Samsung ha violato volontariamente le tecnologie brevettate di Netlist relative alla memoria ad alta larghezza di banda (HBM) e alla memoria DDR5, che sono importanti per il calcolo AI generativo. L'assegno rappresenta una royalty ragionevole per un periodo di danni passati. Il CEO di Netlist, C.K. Hong, ha sottolineato il valore crescente della loro tecnologia nell'abilitare l'IA.
Netlist, Inc. (OTCQB:NLST) ha obtenido una orden final en su caso de infracción de patente contra Samsung Electronics. El Tribunal de Distrito de los Estados Unidos para el Distrito Este de Texas ha denegado las mociones post-juicio de Samsung, manteniendo el veredicto del jurado y la indemnización de $303.150.000 del juicio de abril de 2023. El tribunal confirmó que Samsung infringió intencionalmente las tecnologías patentadas de Netlist relacionadas con la memoria de alto ancho de banda (HBM) y la memoria DDR5, que son importantes para la computación de IA generativa. La indemnización representa una regalía razonable por un período de daños pasado. El CEO de Netlist, C.K. Hong, enfatizó el valor creciente de su tecnología para habilitar la IA.
Netlist, Inc. (OTCQB:NLST)는 삼성 전자에 대한 특허 침해 소송에서 최종 판결을 확보했습니다. 미국 텍사스 동부 지방법원은 삼성의 재판 후 요청을 기각했습니다, 배심원의 평결과 2023년 4월 재판에서의 손해 배상금 $303,150,000을 유지하였습니다. 법원은 삼성 이 Netlist의 특허 기술을 고의로 침해했습니다고 확인했으며, 이는 생성적 AI 컴퓨팅에 중요한 고대역폭 메모리(HBM) 및 DDR5 메모리와 관련이 있습니다. 이 배상금은 과거 손해 기간에 대한 합리적인 로열티를 나타냅니다. Netlist의 CEO인 C.K. 홍은 AI를 가능하게 하는 그들의 기술의 증가하는 가치를 강조했습니다.
Netlist, Inc. (OTCQB:NLST) a obtenu une décision finale dans son affaire de violation de brevet contre Samsung Electronics. Le tribunal de district des États-Unis pour le district oriental du Texas a rejetté les motions post-jugement de Samsung, confirmant le verdict du jury et l'indemnité de 303 150 000 $ du procès d'avril 2023. Le tribunal a confirmé que Samsung a violé délibérément les technologies brevetées de Netlist liées à la mémoire à large bande passante (HBM) et à la mémoire DDR5, qui sont essentielles pour le calcul AI génératif. L'indemnité représente un droit raisonnable pour une période de dommages passée. Le PDG de Netlist, C.K. Hong, a souligné la valeur croissante de leur technologie pour permettre l'IA.
Netlist, Inc. (OTCQB:NLST) hat in seinem Patentverletzungsfall gegen Samsung Electronics eine endgültige Entscheidung erlangt. Das US-Bezirksgericht für den östlichen Bezirk Texas hat die nachträglichen Anträge von Samsung abgelehnt und das Urteil der Geschworenen sowie die Schadenssumme von $303.150.000 aus dem Prozess im April 2023 bestätigt. Das Gericht stellte fest, dass Samsung vorsätzlich Netlists patentierte Technologien im Zusammenhang mit High Bandwidth Memory (HBM) und DDR5-Speicher, die für generative KI-Computing wichtig sind, verletzt hat. Die Entschädigung stellt ein angemessenes Lizenzentgelt für einen früheren Schadenszeitraum dar. Der CEO von Netlist, C.K. Hong, betonte den wachsenden Wert ihrer Technologie zur Ermöglichung von KI.
- Court upheld $303,150,000 damages award against Samsung
- Confirmation of Samsung's willful infringement of Netlist's patents
- Patents cover technologies important for AI computing (HBM and DDR5 memory)
- Potential for increased technology value due to importance in AI enablement
- Damages award to past infringement period
-Denial of Samsung's Post-Trial Motions Concludes Trial Process-
IRVINE, CA / ACCESSWIRE / July 24, 2024 / Netlist, Inc. (OTCQB:NLST) today announced the denial of Samsung's post-trial motions in the case of Netlist v. Samsung Electronics Co. Ltd. et al. (EDTX Case No. 2:21-cv-00463-JRG) in the United States District Court for the Eastern District of Texas ("the Court").
The Court's Memorandum Opinion and Order, denying post-trial motions, combined with the Final Judgment, entered in August 2023 bring this case to a close in the District Court. The Court has upheld the jury's verdict and damages award in the April 2023 trial and confirmed that Samsung willfully infringed Netlist's patented technologies and that none of the asserted claims are invalid. Netlist's patents in the April trial cover both high bandwidth memory or HBM and DDR5 memory that are foundational to generative artificial intelligence ("AI") computing. The
C.K. Hong, Netlist's Chief Executive Officer, said, "This court order reaffirms Samsung's willful infringement, the jury's finding of validity and the reasonableness of the jury's damages award. We believe the value of Netlist's technology will continue to grow due to its importance to the enablement of AI."
Additional information about Netlist, Inc. v. Samsung Electronics Co. Ltd. et al. EDTX Case No. 2:21-cv-00463-JRG is available through the Public Access to Court Electronic Records (PACER) service.
About Netlist
Netlist is a leading innovator in memory and storage solutions, pushing the boundaries of technology to deliver unparalleled performance and reliability. With a rich portfolio of patented technologies, Netlist has consistently driven innovation in the field of cutting-edge enterprise memory and storage, empowering businesses and industries to thrive in the digital age. To learn more about Netlist, please visit www.netlist.com.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and often address future events or Netlist's future performance. Forward-looking statements contained in this news release include statements about Netlist's ability to execute on its strategic initiatives. All forward-looking statements reflect management's present expectations regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These risks, uncertainties and other factors include, among others: risks that Samsung will appeal the final judgment by the District Court which could cause a lengthy delay in Netlist's ability to collect the damage award or overturn the verdict or reduce the damages award; risks that Netlist will suffer adverse outcomes in its pending litigation with Samsung, Micron or Google or in its various other active proceedings to defend the validity of its patents; risks related to Netlist's plans for its intellectual property, including its strategies for monetizing, licensing, expanding, and defending its patent portfolio; risks associated with patent infringement litigation initiated by Netlist, or by others against Netlist, as well as the costs and unpredictability of any such litigation; risks associated with Netlist's product sales, including the market and demand for products sold by Netlist and its ability to successfully develop and launch new products that are attractive to the market; the success of product, joint development and licensing partnerships; the competitive landscape of Netlist's industry; and general economic, political and market conditions, including quarantines, factory slowdowns and/or shutdowns. The military conflict between Russia and Ukraine may increase the likelihood of supply interruptions. All forward-looking statements reflect management's present assumptions, expectations and beliefs regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These and other risks and uncertainties are described in Netlist's annual report on Form 10-K for its most recently completed fiscal year filed on February 23, 2024, and the other filings it makes with the U.S. Securities and Exchange Commission from time to time, including any subsequently filed quarterly and current reports. In light of these risks, uncertainties and other factors, these forward-looking statements should not be relied on as predictions of future events. These forward-looking statements represent Netlist's assumptions, expectations and beliefs only as of the date they are made, and except as required by law, Netlist undertakes no obligation to revise or update any forward-looking statements for any reason.
For more information, please contact:
Investors/Media
The Plunkett Group
Mike Smargiassi
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SOURCE: Netlist, Inc.
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