Hynix Semiconductor Inc. was ordered by a Tokyo court to halt its NAND flash memory sales in Japan after Toshiba Corp. filed a patent lawsuit against the South Korean rival, according to news report.

According to Reuters, citing Toshiba as a source, South Korea's Hynix plans to appeal the ruling. Following the court decision, Hynix's shares briefly fell as much as 3.7 percent.

A spokesman for the Tokyo District Court also said it had ordered Hynix to pay $66,550 (7.84 million yen) in damages to Toshiba, the world's second-largest maker of NAND-type flash memory chips behind Samsung Electronics Co. Ltd., the report said.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved