A message from our CEO – Velocity Micro responds to Samsung’s lawsuit

Velocity Micro has been served a lawsuit which was filed last week in Federal District Court here in Richmond, Virginia by Samsung Electronics Co., alleging that we violate eight of their patents. Additionally, Samsung also filed suit against Nvidia Corporation, apparently as a counter to lawsuits by Nvidia against Samsung and Qualcomm for patent infringement currently before the International Trade Commission and in Delaware District Court. We have never been contacted by Samsung about these claims, and are caught off guard by the lawsuit, which seems completely out of the blue. We know nothing about the previous issues between Samsung and Nvidia, and we…