Jury Awards Viasat $229M in Kioxia Flash-Memory Patent Trial
VSAT has more than doubled off its 52-week low of $14.
Summary
A Texas federal jury ordered Kioxia to pay Viasat $229 million for infringing patents on flash-memory error-correction technology. The verdict is a material win — the award equals roughly 24% of Viasat's $938M market cap, a significant cash injection if upheld. The technology improves power efficiency and reliability in flash storage, and Viasat developed it while designing satellite error-correction systems. A separate lawsuit against Western Digital (WDC) over the same patents is still pending, raising the possibility of additional recoveries. This follows a strong FY26 turnaround and recent $437.7M Space Force contract, adding a litigation-driven catalyst to the story. Appeals are likely, and collection may take time, but the initial verdict substantially strengthens Viasat's IP monetization narrative.
At the time of this announcement, VSAT was trading at $68.61 on NASDAQ in the Technology sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $14.00 to $93.03. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.