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Marvell pays Billion Dollar Fine – CMU Wins Case

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Marvell $1.17 Billion Fine

What about Marvell? The chip manufacturer giant is losing $1.17b to Carnegie Mellon University as fine for patent infringement. This not only plummeted the Marvell Technologies (MRVL) shares by 10%, but also tumbled it to as low as $7.19.
The worst part is not yet over! In the findings, the jury ruled that Marvell violated the patents intentionally, …