Virginia Court Issues Injunction Protecting Infineon Technologies From Assertions of Patent Infringement.Business Editors/High-Tech Writers RICHMOND, Va.--(BUSINESS WIRE)--Nov. 27, 2001 Infineon Technologies (FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :IFX) (NYSE NYSE See: New York Stock Exchange :IFX) today announced that the Federal District Court for the Eastern District of Virginia said it will issue an injunction barring Rambus Inc. from asserting its fraud-tainted U.S. patents against any of Infineon's SDRAM (Synchronous DRAM) A type of dynamic RAM (DRAM) memory chip that has been widely used since the late 1990s. SDRAM chips eliminated wait states by dividing the chip into two cell blocks and interleaving data between them. and DDR SDRAM products manufactured according to open industry standards. The Court's entry of a permanent injunction affirms the August 2001 decision of Federal District Judge Robert E. Payne to uphold a Virginia jury verdict that Rambus committed fraud in connection with the SDRAM standardization process of the Joint Electronic Device Engineering Council See JEDEC. (JEDEC). "As the Court noted in August, the fraud committed by Rambus affected an entire segment of the semiconductor industry," said Dr. Ulrich Schumacher, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Infineon Technologies AG. "This is a very important decision both for Infineon and for the entire DRAM industry, and we are very pleased with the court's action." In actions taken during and as a result of the litigation, Judge Payne dismissed all of Rambus' patent infringement claims related to both Infineon's SDRAM and DDR SDRAM products. Judge Payne also ordered Rambus to pay Infineon more than $7 million in attorney's fees and expenses incurred by Infineon as a result of the suits heard by the Court. The Court based the payment order on its finding that the patent infringement claims of Rambus were "baseless, unjustified and frivolous," the seriousness of the fraud, and Rambus' conduct during the litigation. About Infineon Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for applications in the wired and wireless communications markets, for security systems and smartcards, for the automotive and industrial sectors, as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In the fiscal year 2001 (ending September), the company achieved sales of Euro 5.67 billion with about 33,800 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. and on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (ticker symbol:IFX). Further information is available at www.infineon.com. |
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