Vicor reports court grants preliminary injunction against Foxconn subsidiaries

Vicor Corporation announced that, on June 24, 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, or “CIETAC.” Vicor stated: “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, or ‘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 accelerators, tensor processing units, ‘TPU,’ graphical processing units, ‘GPU,’ and central processing units, ‘CPU,’.”