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On December 21, the United States intercepted another oil tanker off the coast of Venezuela, which the Venezuelan government called an act of piracy. Jeremy Paner, a partner at the Washington-based law firm Hughes Hubbard and a former investigator with the Office of Foreign Assets Control (OFAC), said the ship was not subject to U.S. sanctions. “The seizure of a vessel not sanctioned by the United States marks a further increase in pressure on Venezuela by Trump,” Paner said. “This also contradicts Trump’s statements that the U.S. will blockade all sanctioned oil tankers.”On December 21, Venezuelan Vice President and Oil Minister Rodríguez condemned the United States for "theft and hijacking" of private vessels carrying Venezuelan oil in international waters on December 20. In a government statement released via social media, Rodríguez stated that this serious act of "piracy" violated international law. He asserted that the colonial model the US government attempted to impose on Venezuela would ultimately fail, and that the Venezuelan government would appeal to the UN Security Council and other multilateral organizations for appropriate action.On December 21, the World Trade Organization (WTO) released its "World Trade Report 2025" on December 20, local time. The report indicates that, with supporting policies in place, artificial intelligence (AI) is expected to increase cross-border trade in goods and services by 34% to 37% and global GDP growth by 12% to 13% by 2040 by improving productivity and reducing trade costs. The report emphasizes the need to bridge the digital infrastructure gap, strengthen skills training, and maintain an open and predictable trading environment to ensure more inclusive growth.According to Business Insider, Apple has advised some employees with visas not to travel outside the United States due to embassy delays.Russian Presidential Special Representative Dmitriev: Russia and the United States are having "constructive" discussions, which will continue in Miami on Sunday.

VLSI Patent Litigation Awarded Intel $949 Million U.S.

Charlie Brooks

Nov 16, 2022 14:46

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Intel Corp (NASDAQ:INTC) must pay $948.8 million to VLSI Technology LLC for infringing a computer chip patent.


VLSI, a patent-holding company linked to SoftBank Group Corp.'s Fortress Investment Group, claimed Intel's Cascade Lake and Skylake microprocessors violated its data processing patent.


Intel "seriously disagrees" with the verdict and plans to appeal, saying the case shows the need for patent system reform.


VLSI's lawyer didn't comment on the verdict.


VLSI won $2.2 billion against Intel in a Texas dispute over semiconductor patents in March. Intel has appealed. VLSI lost another patent trial to Intel the next month.


VLSI bought the trial property from NXP Semiconductors NV (NASDAQ:NXPI).


VLSI's attorney said Intel's chips cause "millions upon millions of patent infringements per second." The jury granted the firm's full damages.


During the trial, an Intel attorney said the company's engineers created their discoveries independently and that its current microprocessors wouldn't function with VLSI's obsolete technology.


VLSI has also sued Intel in Northern California and Delaware. California's trial is set for 2024.

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