Intel Corporation (INTC) Wins Round One In ITC Hearing

Intel Corporation (INTC) Wins Round One In ITC Hearing
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Intel Corporation (NASDAQ:INTC) was recently cleared in round one of an infringement lawsuit. A Judge at the United States International Trade Commission made the ruling that Intel Corporation (NASDAQ:INTC) did not infringe on patents from X2Y.

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Intel Corporation (INTC) Wins Round One In ITC Hearing

Bloomberg reported that ITC Judge David Shaw posted a notice with the results. The report indicates that Intel did not infringe on at least three patents,  two of which were invalid.

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Anne Standley, a representative for X2Y stated, “X2Y remains confident that the Commission will protect true innovation regardless of the size of the innovator and will continue to vigorously enforce its intellectual property against these infringers.”

There are still civil lawsuits that were filed at a federal court in Eerie, Pennsylvania. The commission’s set target date to complete the investigation will be April 15.

Intel Corporation (NASDAQ:INTC)’s spokesman added, “We are gratified with this result and will continue to defend ourselves in the case pending in U.S. district court.

This lawsuit caused a lot of worries about the future of Intel and all the jobs the company provides. The tech company has facilities in many states including California, Arizona, Oregon, New Mexico, and Massachusetts. However, X2Y’s concerns are more focused on the facilities of other countries like China, Costa Rica, Malaysia, and the Philippines.

X2Y added that, ““X2Y approached Intel over a decade ago and explained how X2Y’s technology would improve Intel’s products if Intel wished to take a license. Intel did not take a license, but appears to have adopted X2Y’s technology anyway.”

There is no word on what the total outcome of this case will be, but if this recent ruling is any indication, Intel may have nothing to worry about. It’s important to point out that X2Y may still urge the International Trade Commission to review the decision, most particularly if they want to stop intel chip imports.

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