Power Integrations says Chinese court rules in its favor in patent case Power Integrations (POWI) announced that a Chinese court has ruled in the company’s favor in infringement proceedings filed against it by Fairchild Semiconductor (FCS) and its System General subsidiary. After more than two years of litigation, the Suzhou Intermediate Court has found that Power Integrations does not infringe any of the patents asserted by Fairchild in the case, Power Integrations said.
News For POWI;FCS From The Last 14 Days
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Fairchild downgraded to Market Perform from Strong Buy at Raymond James Raymond James downgraded Fairchild Semiconductor two notches to Market Perform due to near-term growth challenges from the product revamp and manufacturing restructuring.