Power Integrations (Nasdaq: POWI)
today announced the latest result in one of its ongoing patent cases
against Fairchild Semiconductor. After a trial in federal district court
in San Francisco, a jury awarded Power Integrations $139.8 million in
damages stemming from Fairchild’s infringement of two Power Integrations
patents. The infringement finding occurred in March 2014 and remains
intact; the just-concluded trial was solely to retry damages after an
earlier award of $105 million was set aside by the court in view of an
intervening change in the law. Power Integrations will also be seeking a
permanent injunction against the more than 140 Fairchild parts
implicated in this case.
Power Integrations recently filed another lawsuit to address Fairchild’s
ongoing infringement of Power Integrations’ patents, including
additional products not included in today’s verdict.
Commented Balu Balakrishnan, president and CEO of Power Integrations:
“We are gratified that Fairchild must now compensate us for harm
inflicted on our business by their blatant disregard for our
intellectual property. We hope this financial penalty will encourage
them to cease their serial violations of our patents, which continue to
this day despite an unprecedented string of infringement findings over
the past ten years.”
About Power Integrations
Power
Integrations, Inc. is a leading innovator in semiconductor
technologies for high-voltage power-conversion. The company’s products
are key building blocks in the clean-power ecosystem, enabling the
generation of renewable energy as well as the efficient transmission and
consumption of power in applications ranging from milliwatts to
megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or
registered trademarks of Power Integrations, Inc. All other trademarks
are property of their respective owners.
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