Apple Supplier Luxshare is facing a lawsuite in the US
The company has apparently infringed patents by a competitors.
According to its own information, the Apple Inc. supplier Luxshare Precision Industry Co is being investigated for patent infringement, Reuters reported on Monday (Shanghai time). What happened: Luxshare said in a government filing that it was informed of two notices issued by the United States International Trade Commission relating to a Section 337 investigation into it by Amphenol Corporation, according to Reuters. Amphenol - a Connecticut-based manufacturer of interconnect products - reportedly filed the complaint last month, alleging that certain electrical components imported into the U.S. by Luxshare infringe its interconnect cable patents. Patent infringement concerns caused Luxshare shares to tumble 9.5% on Monday in Shanghai.