Samsung has been ordered to pay $ 445 million!

Samsung Electronics, shares are approaching the symbolic 100,000-won milestone, has been ordered by a US jury to pay 638 billion won (USD 445.5 million) for allegedly infringing wireless network patents owned by an American company, the English service of Maeil Business Newspaper Korea.

According to the report, a jury in the US District Court for the Eastern District of Texas found Samsung liable for violating four patents held by Collision Communications Inc., a New Hampshire-based company specializing in wireless network efficiency technologies. Samsung Electronics can still appeal, meaning the final decision and could change.

The jury ruled that Samsung must pay USD 445.5 million in damages, "Collision Communications filed the lawsuit in 2023, claiming that Samsung's Galaxy smartphones and notebook computers equipped with wireless communication functions infringed its patents. Collision Communications argued that the patents originated from research conducted jointly with BAE Systems, a U.K.-based defense and security company ranked among the world's top five defense contractors along with Lockheed Martin and Boeing Defense," according to the report. Meanwhile, BAE Systems was not a party to the lawsuit.

Source: reuters