'U.S. International Trade Commission Institutes Section 337 Investigation Of Certain NAND Memory Devices And Electronic Devices Containing The Same'
Portfolio Pulse from Benzinga Newsdesk
The U.S. International Trade Commission (USITC) has initiated an investigation into certain NAND memory devices and electronic devices containing them, based on a complaint by MimirIP LLC. The investigation targets several companies, including Micron Technology Inc., HP Inc., Kingston Technology Company Inc., and Lenovo Group Limited. The USITC will determine if there are violations of section 337 of the Tariff Act of 1930.
August 08, 2024 | 3:00 pm
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HP Inc. is one of the companies under investigation by the USITC for potential patent infringements related to NAND memory devices.
The investigation could result in exclusion orders and cease and desist orders against HP Inc., potentially affecting its stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lenovo Group Limited is under investigation by the USITC for potential patent infringements related to NAND memory devices.
The investigation could lead to exclusion orders and cease and desist orders against Lenovo Group Limited, which may negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Micron Technology Inc. is under investigation by the USITC for potential patent infringements related to NAND memory devices.
The investigation could lead to potential exclusion orders and cease and desist orders against Micron Technology Inc., which may negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100