Applied Digital sues IBM over microchip
Reuters | at | by Mike
Applied Digital Solutions on Friday said it filed suit against IBM, alleging that Big Blue is trying to take control of the rights to a microchip that can be implanted under human skin. Applied Digital, which has borrowed $77 million from IBM, alleged the computing giant is using its position as its lender to take control of a subsidiary that holds the intellectual rights to the Verichip, which can be embedded under the human skin and read by a remote sensor. That unit is the collateral in the loan from IBM, on which Applied Digital just missed a $46 million payment.