Rambus Verdict, A jury has reached a verdict in Rambus Inc.’s antitrust trial against Micron Technology Inc. and Hynix Semiconductor Inc.
The chip maker lost a $4 billion antitrust lawsuit against Micron Technology Inc and Hynix Semiconductor Inc, erasing more than half of the chipmaker’s value as investors abandoned its stock.
The verdict, which sent shares tumbling by 60.6 percent and boosted those of Micron by 23.4 percent, came on Wednesday after a three-month trial in state court and more than eight weeks of jury deliberations.
On June 20, 2011, Rambus went to trial against Micron and Hynix in California, seeking as much as $12.9 billion in damages for “a secret and unlawful conspiracy to kill a revolutionary technology, make billions of dollars and hang onto power,” Rambus lawyer Bart Williams told jurors.
The 12-member jury in San Francisco, which had been deliberating since Sept. 22, was asked to decide whether Micron and Hynix conspired to prevent the Sunnyvale, California-based companies memory chips from becoming an industry standard.
Rambus alleged in a lawsuit first filed in 2004 that that Boise, Idaho-based Micron and Ichon, South Korea-based Hynix colluded to manipulate prices of dynamic random access memory, or DRAM, chips in violation of California antitrust law. Rambus said at trial that it would have made $3.95 billion in royalties without the alleged conspiracy.
“Hynix is very pleased with the outcome. Clearly Rambus is not able to prove its allegations. There was no conspiracy,” said Ken Nissly, a company lawyer.