January 24, Lixun Precision issued an announcement to explain the progress of the 337 investigation in the United States, which has attracted attention from the outside world.
Lixun Precision said that the 337 investigation will not have a substantial impact on the company’s current production and operation.
“The company will continue to follow up the progress of the above matters, actively communicate and negotiate with relevant parties, while making good response plans, resolutely safeguarding the legitimate rights and interests of the company and all shareholders, and timely fulfillment of information disclosure obligations in accordance with relevant regulations.”
According to the Ministry of Commerce website news, on January 21, 2021, the U.S. International Trade Commission (ITC) decided to launch a 337 investigation into specific electrical connectors and cage assemblies and their products.
In addition to the U.S. Luxshare-ICT Inc., Milipitas, CA and other companies, Lixun Precision Industry Co. and its subsidiary Dongguan Lixun Precision Industry Co. are involved in the case.
In its latest announcement, Lixson Precision said that on December 18, 2020, Amphenol Group filed a petition for investigation with the U.S. International Trade Commission under Section 337 of the U.S. Tariff Act of 1930. And on January 22, 2021, the company learned of two notices issued by the U.S. International Trade Commission (USITC) regarding this case. One is the Notice of Investigation, formally identified as Inv.
No. 337-TA-1241. and the second is the Notice of Designation of Presiding Administrative Judge. This notice is the normal rules and procedures of 337 investigation, and the company will follow the 337 investigation process.
Founded on May 24, 2004, Lixun Precision started as a connector company and landed on A-share on September 15, 2010.
At present, the company’s products are involved in the development, production and sales of connecting wires, connectors, motors, wireless charging, FPC, antennas, acoustic and electronic modules.
The products are used in 3C (computer, communication, consumer electronics), enterprise equipment, automotive, medical and other fields.
In 2017, Lixun Precision successfully penetrated the supply chain system of AirPods series products.
According to a research report released by BISHOP AND ASSOCIATES in August 2020, Lixson Precision ranked sixth in the 2019 global ranking of connector manufacturers by annual sales volume, the only mainland Chinese company to enter the top 10.
As of the close of business on January 22, Lixun Precision reported 57.49 per share, down 0.71% on the day, with a total market value of 403.728 billion yuan.
Canalys analyst Jia Mo told the first financial reporter, Apple’s foundry connector has not been their main business, in a sense, the U.S. investigation some “bias”.
The reporter combed through the 337 investigations launched by the United States in the past year, including many cases in the field of semiconductors, covering UMTS and LTE cellular communication modules and their products, specific active matrix OLED display devices and components, as well as video processing equipment and components and digital smart TVs and their downstream and other product directions.
On January 19, 2021, the U.S. International Trade Commission (ITC) decided to launch a 337 investigation into UMTS and LTE cellular communication modules and their products.
The investigation was filed with the ITC on December 17, 2020 by Royal Philips of the Netherlands Ltd. and Philips North America Inc.
under Section 337 of the U.S. Tariff Act of 1930, alleging that the above products exported to, imported into, or sold in the U.S. infringe their patent rights and requesting the ITC to issue a general exclusion order, a limited exclusion order, and an injunction. Ltd. of China is the listed respondent.
On December 22, 2020, MobileTech said it issued an announcement about the 337 investigation conducted by the ITC against the company, stating that the complaint involved mainly some 4G module products.
In addition, TCL Technologies and BOE are also on the investigation list of 337.
On October 13, 2020, the U.S. International Trade Commission (ITC) decided to launch a 337 investigation into video processing equipment and its components and digital smart TVs and their downstream products.
The investigation was filed with the ITC by DivX Corporation on September 10 under Section 337 of the U.S. Tariff Act of 1930, alleging that the above products exported to, imported into, or sold in the U.S. infringe its patent rights and requesting the ITC to issue a limited exclusion order and injunction.
China’s TCL Technology Group Corporation, Korea’s Samsung, LG Group and some of its affiliates are involved in the case.
In response to the 337 investigation launched by the United States, TCL Technologies said the plaintiff’s patents mainly relate to streaming media-related technologies for TV products, and the TV business does not fall within the company’s business scope, and the company will raise jurisdictional objections accordingly, and the case will not have a substantial impact on the company’s business.
And on December 28, 2020, SOLAS OLED Ireland filed a petition with the U.S. International Trade Commission under Section 337 of the U.S. Tariff Act of 1930, alleging that specific active matrix OLED display devices and components thereof exported to, imported into, or sold in the U.S.
infringed its patent rights, requesting the initiation of a 337 investigation and the issuance of a limited exclusion order and injunction.
China BOE Technology Group Corporation and Beijing BOE Display Technology Co., Ltd. are involved in the case. Ltd. holds 97.17% of the shares of the latter, according to the enterprise search data.
