On October 11, Foxconn Industrial Internet revealed that it had been notified on October 9 (local time) that the United States International Trade Commission (USITC) has officially commenced a Section 337 investigation. This action follows allegations of patent infringement brought forth by U.S.-based Vicor Corporation. Vicor alleges that Foxconn Industrial Internet and its subsidiaries have infringed upon its patent for a 'vertical power supply system.' Upon conducting an internal review, it was discovered that the products under investigation are currently in the internal verification and evaluation stage, and thus, they do not have a significant impact on the company's ongoing production, operations, or financial performance. Foxconn Industrial Internet cautions that this investigation is still in its preliminary stages, and the final outcome remains uncertain. Investors are urged to stay informed and consider the potential investment risks.
