Intel Wins London Leg Of Patent Dispute With R2: Report

Intel Corp INTC shares are trading higher today. The chip giant reportedly won the London leg of a global patent dispute with U.S. competitor R2 Semiconductor on Wednesday.

The London High Court ruled in favor of Intel, rejecting R2 Semiconductor’s claims that sought an injunction to halt the sale of some of Intel’s chips, reported Reuters.

The case, filed in 2022, centered around allegations that Intel’s chips and processors, which feature fully integrated voltage regulators, infringed on R2’s patent, the report noted.

Judge Richard Hacon, in his written ruling following the April trial, declared R2’s patent invalid due to the absence of an “inventive step” when considering previous inventions.

Also Read: Intel Plans Job Cuts To Fund Turnaround Efforts: Report

The judge noted that if the patent had been valid, Intel would have indeed infringed upon it. R2’s legal team argued that Intel’s entire current product line of microchips, processors, and other microelectronic devices incorporating a fully integrated voltage regulator had violated its patent.

They sought an injunction to prevent further infringement, which could have affected the sale of Intel’s “Ice Lake” server chips.

The London ruling contrasts with a February decision by a German court that favored R2 Semiconductor. Similar litigations between Intel and R2 are ongoing in France and Italy.

The semiconductor sector has experienced heightened volatility recently. President Biden is contemplating additional measures against China, which is causing uncertainty in the market.

Intel stock has lost more than 14% in the last 12 months. Investors can gain access to the stock via First Trust Nasdaq Semiconductor ETF FTXL and Strive U.S. Semiconductor ETF SHOC.

Price Action: INTC shares are trading higher by 2.12% at $30.77 at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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