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
(https://www.vicorpower.com/documents/investor_relations/District%20Judge%20Leo%
20T.%20Sorokin%20ORDER%20entered%20re%20%255B4%255D%20Motion%20for%20Preliminary
%20Injunction.%20(Paine%2c.pdf) 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. (http://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 (http://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 (mailto:pdavies@vicorpower.com)
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