Nearly two years after being sued by an industry titan for patent infringement, a major cloud hanging over power semiconductor maker InnoScience (Suzhou) Technology Holding Co. Ltd. (2577.HK) appears to be lifting, easing a major distraction for the company and investors.
The legal dispute with Infineon Technologies (IFX.DE), which dates back to March 2024, posed a significant risk to InnoScience, even as it listed its shares in Hong Kong about a year ago. The company currently mostly does business in China, but an unfavorable ruling could have barred it from selling some of its products in the U.S. in the future.
That potential roadblock appeared to dissipate somewhat last week when the company announced that the U.S. International Trade Commission (ITC) ruled partly in its favor regarding one of the two patents in the case. InnoScience said its products related to the other patent also did not infringe on that patent. It stated the ruling "further clarifies the status of InnoScience's relevant intellectual property and will clear the way for its future global development."