Computer storage company Netlist Inc (NLST.PK ) on Friday convinced a federal jury in Texas to award it more than $303 million in damages after finding it infringed several Samsung Electronics Co (005930.KS ) patents related to computing improvements .
A jury in Marshall, Texas, has ruled after a six-day trial that Samsung’s high-performance computing “memory module” willfully infringed all five patents that Netlist accused the South Korean tech giant of infringing.
Company officials did not immediately respond to a request for comment. Netlist stock jumped 21% after the ruling Friday afternoon.
Irvine, California-based Netlist sued Samsung in 2021, alleging that Samsung’s storage products used in cloud computing servers and other data-intensive technologies infringe its patents. Netlist said its innovations increase the energy efficiency of the memory modules, allowing users to “get useful information from large amounts of data in less time.”
A Netlist attorney told jurors that Samsung used its patented module technology after the two companies collaborated on another project, according to a court transcript.
Netlist is seeking $404 million in damages from the jury.
Samsung has argued that the patents are invalid and that their technology is not the same as Netlist’s invention.
The case is Netlist Inc v. Samsung Electronics Co, US District Court for the Eastern District of Texas, No. 2:21-cv-00463.