Micron, which could have faced a multi-billion-dollar judgment in a worst-case scenario, instead emerged victorious today when a California jury rejected claims that Micron and South Korea-based Hynix had conspired to manipulate the microchip marketplace. The California Superior Court jury handed down its verdict this morning, following nearly eight weeks of deliberation. The jury considered a claim by Rambus, Inc. that it had lost a potential $3.95 billion in royalties in the alleged conspiracy.
"The jury's verdict validates our assertion that Micron acted in accordance with the law and consistent with its values of innovation and fair competition in the marketplace," said Steve Appleton, Micron CEO. "We are very pleased that the jury considered all the evidence at issue in this case and determind that Rambus' allegations against the company were completely without merit."
Meanwhile officials with Rambus, headquartered in Sunnyvale, Calif., said they were considering their legal options.
"We are disappointed with this verdict as we believe strongly in our case," said Harold Hughes, Rambus CEO. "We do not agree with several rulings that affected how this case was presented to the jury."
Meanwhile, Micron stock traded higher this afternoon, experiencing a 4 percent bump on the NASDAQ exchange.