Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. trade panel to probe devices of eight smartphone vendors

Stock MarketsMay 06, 2016 06:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. An illustration picture shows a network cable next to a pack of smartphones in Berlin

HONG KONG (Reuters) - The U.S. International Trade Commission (USITC) is launching an investigation into mobile devices made by eight smartphone vendors including Samsung Electronics Co (KS:005930) over an alleged patent violation, the trade panel said on its website.

The probe follows a complaint filed by Singapore-based Creative Technology Ltd (SI:CREA) and U.S.-based Creative Labs Inc that several handset makers have infringed on their patent, the ITC said in a statement.

The accused vendors are ZTE Corp <000063.SZ> (HK:0763), Sony Corp (T:6758), Samsung, LG Electronics Inc (KS:066570), Lenovo Group Ltd (HK:0992), Motorola (NYSE:MSI) Mobility, HTC Corp (TW:2498) and Blackberry Ltd (TO:BB).

"The products at issue in the investigation are portable electronic devices, such as smartphones, with the capability of playing stored media files selected by a user from a hierarchical display," ITC wrote.

The trade panel said it has not yet made any decision on the merits of the case, and will decide a target date for completing investigation within 45 days after the institution of the investigation.

Creative Technology was not immediately available for comment. HTC said it cannot comment as the case has entered the court process.

Samsung and LG said they are looking into the case and didn't have any other immediate comment. Sony declined to comment. ZTE, Lenovo and other vendors were not immediately available.

"It's rare to see so many vendors involved in one patent infringement case," said research firm Canalys analyst Nicole Peng.

While the share price reaction of most Asia-based companies was muted, Hong Kong-listed shares of ZTE tumbled 11 percent on Friday to their lowest since July 2013. The Shenzhen-based company faced export restrictions imposed by the U.S. Commerce Department in March for allegedly violating sanctions against Iran.

U.S. trade panel to probe devices of eight smartphone vendors
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email