Kioxia, one of the world’s major memory chip makers, said its subsidiary has been ordered to pay $229 million in damages in litigation involving ViaSat, according to a BlockBeats report published on Aug. 3. The company also said it had already booked a loss provision in the first quarter for matters tied to the lawsuit. The update did not include additional details about the case beyond the damages figure and the accounting treatment disclosed by Kioxia. The report identified the item under the policy and regulation category.
Kioxia, a major global memory chip maker, said on Aug. 3 that one of its subsidiaries had been ordered to pay $229 million in damages in litigation involving ViaSat, according to BlockBeats.
The company said it had already recorded a loss provision in the first quarter for matters related to the lawsuit.
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