Netlist Wins $303 Million In Patent Infringement Trial Against Samsung By Investing.com

Netlist, Inc. (NLST) today announced that it won a $303 million damages award against Samsung Electronics Co., Ltd., Samsung Semiconductor, Inc., and Samsung Electronics America, Inc. (together “Samsung”) in the United States District Court for the Eastern District of Texas. The award resulted from a jury trial that lasted six days, and involved five Netlist patents: U.S. Patent Nos. 10,949,339, 11,016,918, 11,232,054, 8,787,060, and 9,318,160. The products found to infringe these patents were all Samsung DDR4 LRDIMM, DDR5 UDIMM, SODIMM, and RDIMM, and high bandwidth memory (HBM) 2, 2E and 3 components.

The conclusion of Netlist’s 16-month-long case against Samsung (Netlist, Inc. v. Samsung Electronics Co. Ltd., et. al., EDTX Case No. 2:21-cv-00463-JRG) came with Chief Judge Rodney Gilstrap reading the jury’s unanimous verdict confirming that all five Netlist patents had been infringed by Samsung, that none of Netlist’s five patents were invalid, that Samsung willfully infringed those patents, and that money damages were owed to Netlist for the infringement of all five patents. The amount of damages awarded by the jury covers infringement by Samsung through March 2023.

C.K. Hong, Netlist’s Chief Executive Officer, said, “We are pleased with the outcome of this case. The jury verdict left no doubt that Samsung not only willfully infringed Netlist patents, but currently uses Netlist technology without a license on strategic products which collectively represent the future of Samsung’s memory business. The brazen free-ride and efficient infringement of intellectual property belonging to small innovators by industry giants remain a serious issue for our innovation ecosystem. We hope this case serves as a reminder of this problem to policymakers as well as a wakeup call to those in the memory industry that are using our IP without permission.”

Netlist will host a conference call to address its first quarter 2023 results and today’s announcement at 12:00 p.m. Eastern Time on Tuesday, April 25, 2023. Netlist encourages participants to pre-register for the conference call. Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator. To pre-register, click here. A live webcast and archived replay of the call can be accessed in the Investor’s section of Netlist’s website at www.netlist.com.

Additional information about Netlist, Inc. v. Samsung Electronics Co. Ltd., et. al., EDTX Case No. 2:21-cv-00463-JRG is available through the Public Access to Court Electronic Records (PACER) service.