The Texas jury said that ZTE’s infringement was intentional and that the jury’s decision may have a significant impact on the judge’s final decision, which resulted in a three-fold increase in fines.
It is understood that Maxell is a Hitachi company that sued ZTE in Texas in November 2016. Maxell believes that ZTE has infringed on its eight US patents, mainly related to smart phone power-saving control, camera functions, navigation functions and audio. In the field of decoding, etc., most of them belong to the technology of smartphone application technology.
However, ZTE’s debut patent on the camera function did infringe the Maxell patent. In this US lawsuit, ZTE was defeated.
Although the US said today that it has loosened the ban on ZTE, ZTE and the United States reached an agreement to pay more than one billion US dollars in fines and reorganize the top. ZTE completed the personnel adjustment and the opening of the fine account in accordance with the agreement. Since the ban was imposed, ZTE’s business has been stagnant for several months, and its share price has fallen by 57%. Although ZTE’s A-share performance was strong yesterday, the loss of Maxell’s infringement case is undoubtedly worse for ZTE’s current status.