: Intel avoids another payout in patent trials: report

Intel Corp. INTC was found by a federal jury to have not infringed patents once held by NXP Semiconductors NV NXPI, according to reports late Wednesday. A federal jury in Waco, Texas, ruled that Intel did not infringe two patents held by VLSI Technology LLC that make chips faster using less energy, Bloomberg News reported. That follows another Texas jury in March that ruled against Intel, ordering the chip maker to pay $2.18 billion to VLSI, over other patents. Shares of Intel were up 0.3% after hours, following a 1.6% gain in the regular session to close at $63.70.

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