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July 2nd - On Thursday, the Swiss franc retreated from its intraday high against the US dollar after weaker-than-expected Swiss consumer price index data was released. However, the pair remained within its weekly range, not far from its one-year high of 0.8140. Swiss inflation slowed to 0% month-on-month in June from 0.2% in May, a larger slowdown than the market expectation of 0.1%. Year-on-year inflation also fell to 0.5% from 0.6% in May. This data effectively confirms that the Swiss National Bank (SNB) will maintain its benchmark interest rate at its current 0% level for the remainder of the year and possibly until 2027. With investors increasing their bets on a Federal Reserve rate hike, the SNBs low interest rates could become a headwind for the francs rebound. Later today, market focus will shift to the US non-farm payrolls report, which is expected to show 110,000 new jobs added in June, following three months of strong job growth. Investors will analyze this data from a monetary policy perspective, looking for confirmation signals of a Fed rate hike in September. The US dollar faces significant upside risks.Gold hit a new intraday high during Thursdays European session, continuing its steady rebound amid a slightly weaker dollar. However, high expectations of a Fed rate hike and geopolitical risks supporting the dollar kept gold prices within the previous trading days range. Traders also remained cautious ahead of the highly anticipated US monthly jobs data, avoiding aggressive directional bets. The CME FedWatch tool showed traders still pricing in a roughly 64% probability of a Fed rate hike in September and nearly 85% before the end of the year. Fed Chairman Warshs remarks on Wednesday reinforced these expectations, stating that the Fed would adhere to its 2% inflation target. Market focus is now shifting to the upcoming US non-farm payroll report. Technically, gold remains below the 100-period moving average, reinforcing the short-term bearish bias.German Chancellor Merz: Proposals to simplify tax laws will be put forward this fall.German government documents show that by the end of 2026, Germany will launch a plan to accelerate the expansion of its power grid.German Chancellor Merz: Germanys pension reform will be completed by the end of the year.

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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