A federal jury in Waco, Texas said on Thursday that Japanese chipmaker Kioxia owes satellite-communications company Viasat $229 million for infringing a patent covering computer memory technology, according to a court document. The jury determined that Kioxia's flash-memory devices violate Viasat's patent rights in technology that allows such devices to consume less power and improves their reliability and longevity. Spokespeople for the companies did not immediately respond to requests for comment on the verdict.
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Kioxia owes Viasat $229 million for infringing flash-memory patents, US jury saysStockStory110d agoneutral
Rumble, EchoStar, and Viasat Stocks Trade Down, What You Need To KnowA number of stocks fell in the afternoon session after a stronger-than-expected May jobs report fueled concerns that the Federal Reserve will keep interest rates elevated.