Skip to main content

Vicor wins preliminary injunction against Foxconn subsidiaries

Written by Customer Service on . Posted in Public Companies.

ANDOVER, Mass., June 26, 2024 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today announced that, on June 24, 2024, the United States District Court for the District of Massachusetts granted a preliminary injunction barring subsidiaries of Foxconn from pursuing arbitration against Vicor before the China International Economic and Trade Arbitration Commission (“CIETAC”).

The Foxconn subsidiaries had sought to obtain a ruling from CIETAC that small print in their purchase orders for Vicor power modules entitled them to royalty-free licenses to Vicor patents, including patents asserted in a pending investigation in the United States International Trade Commission (“ITC”). An ITC exclusion order could bar from entry into the United States infringing power converter modules (“NBMs”) and systems containing such modules, including artificial intelligence (“AI”) accelerators, tensor processing units (“TPU”), graphical processing units (“GPU”) and central processing units (“CPU”).

In the district court action, which resulted in a temporary restraining order and a preliminary injunction, Vicor is represented by Fish & Richardson P.C.

For more information on Vicor, please visit the company’s website at www.vicorpower.com.

About Vicor

Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, aerospace and defense. www.vicorpower.com

Vicor is a registered trademark of Vicor Corporation.

For more information contact:

Phil Davies
Corporate Vice President, Global Sales and Marketing
pdavies@vicorpower.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.