On the evening of October 11, Foxconn Industrial Internet Co.,Ltd. (SHA: 601138) announced that the company had learned the U.S. International Trade Commission declared on October 9 local time the initiation of a Section 337 investigation into patent infringement claims filed by U.S.-based Vicor Corporation.
In this Section 337 investigation, Vicor alleges that Foxconn Industrial Internet and its controlled subsidiaries FII USA Inc., Ingrasys Technology Inc., and Ingrasys Technology USA Inc. infringed one of Vicor's patents related to a "vertical power delivery system."
Foxconn Industrial Internet stated in its announcement that, following an internal review, the products involved in this investigation are currently in the internal verification and evaluation stage, and the matter does not have a material impact on the company's current production, operations, or performance.
Going forward, Foxconn Industrial Internet will continue to closely monitor subsequent developments in the case, prudently assess the potential impact of the Section 337 investigation on its production and operations, and maintain communication with relevant parties to properly handle related matters.
Foxconn Industrial Internet stated in its announcement that the company has always emphasized technology research and development as well as engineering services for its products and processes, attaches importance to intellectual property management, and strictly complies with all applicable laws and regulations in various jurisdictions.
The announcement shows that when selecting suppliers, Foxconn Industrial Internet upholds the spirit of protecting intellectual property rights, requiring suppliers to provide non-infringement guarantees and licensing and authorization for relevant technologies, so as to avoid any impact on its rights and interests from patent market competition.
As of the close on October 9, Foxconn Industrial Internet's share price stood at 56.07 yuan per share, with a total market capitalization of 1.11 trillion yuan.
The companies accused by Vicor in this case also include Luxshare Precision and its controlled subsidiary Dongguan Luxshare Technology Co., Ltd.
On the evening of October 10, Luxshare Precision announced that this Section 337 investigation involves U.S. Patent No. US 10,903,734, primarily targeting vertical power delivery systems, related components, and computing systems incorporating such products.
According to public information from the U.S. International Trade Commission, Vicor has previously initiated multiple Section 337 investigations against industry chain companies over data center power-related technologies.
Currently, this Section 337 investigation is still in its early filing stage, and the U.S. International Trade Commission has not yet made a substantive determination on the relevant infringement claims.
Luxshare Precision stated in its announcement that, based on the company's preliminary assessment, the products involved in this Section 337 investigation are mainly used in integrated power supply solutions for power modules and processors in the data center field, and the products involved are in the customer verification stage and have not yet entered mass production.
As of the close on October 9, Luxshare Precision's A-share price stood at 47.59 yuan per share, with a total market capitalization of 366.8 billion yuan.
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