Hynix applauds rejected $4 billion damages claim

Nov 17, 2011

South Korea's Hynix Semiconductor, the world's number two memory chipmaker, on Thursday welcomed a US court's rejection of claims by American firm Rambus for billions of dollars in damages.

A San Francisco jury ruled on Wednesday that Hynix and US-based chipmaker did not conspire to prevent Rambus' technology from taking hold in the market.

"We welcome the jury's decision," Hynix Chief Executive Kwon Oh-Chul said in a statement. "The ruling drastically reduces uncertainties hanging over the company's future."

Hynix shares closed up 3.8 percent at 23,200 won following news of the decision.

Rambus had sought nearly $4 billion from the two firms in direct damages, a sum which could be instantly tripled under California anti-trust laws. It also asked for punitive damages.

Rambus, whose shares plummeted 61 percent following the verdict, said it was disappointed and would consider an appeal.

"We believe very strongly in our case, and we intend to explore all of our options as long as we have channels available to us," said Chief Executive Harold Hughes in a conference call following the ruling.

California-based Rambus, which licenses technology to chipmakers, filed the complaint in 2004 against Hynix, Micron and .

It accused the three chipmakers of illegally colluding to keep Rambus's technology from taking hold in the market. The case also involved claims of price fixing.

Samsung, the world's largest memory chipmaker, was dropped from the case after agreeing to pay $900 million through 2015.

Hynix and Micron rejected the conspiracy claims, arguing Rambus' failure to penetrate the market was due to issues with its technology and other factors.

In May, Hynix secured a favourable ruling by a US court in a separate case that rejected Rambus' claim that Hynix infringed upon its chip patents.

Explore further: Sony forecasts $2B loss as smartphones lag (Update)

add to favorites email to friend print save as pdf

Related Stories

Calif. jury rejects Rambus antitrust claims

Nov 16, 2011

(AP) -- A California jury denied Rambus Inc. billions of dollars in damages as it determined that chip-makers Micron Technology Inc. and Hynix Semiconductor Inc. didn't conspire to fix prices of memory chips in order to ...

Rambus says FTC has dropped antitrust claims

May 14, 2009

(AP) -- Rambus Inc. said Thursday that the Federal Trade Commission has dropped its claim that the memory chip company violated antitrust laws in patenting technologies that were eventually incorporated into industry standards.

Rambus settles EU antitrust probe, avoids fines

Jun 12, 2009

(AP) -- Memory chip company Rambus Inc. said Friday that European Union antitrust regulators had provisionally agreed to drop a probe and any fines if the company reduced its royalty rates for DRAM memory chip patents.

Rambus signs licensing deal with AMD

Jan 03, 2006

Rambus said Tuesday it has signed a five-year licensing agreement with Advanced Micro Devices, giving AMD a license to Rambus patents.

Rambus grants Toshiba new patent license

Jul 06, 2006

High-speed chip interface licensing company Rambus Inc. announced Wednesday it has signed a new patent license agreement with Toshiba Corporation.

Recommended for you

Germany's Bayer says will float chemicals division

1 hour ago

German chemicals and pharmaceuticals giant Bayer, maker of Aspirin painkiller, said on Thursday it intends to float its chemicals Material Science division to focus on its life sciences activities in human and animal health.

Sony forecasts $2B loss as smartphones lag (Update)

Sep 17, 2014

Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.

Alibaba post-IPO structure gives insiders control

Sep 17, 2014

Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.

User comments : 0