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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.
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