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
Check below for free stories on POWI;FCS the last two weeks.
Fairchild downgraded to Neutral from Outperform at RW Baird Baird downgraded Fairchild to Neutral to reflect expectations for a Q4 slowdown in notebooks, TD-LTE smartphones, and servers and now sees indications where MOSFET and MCU lead times are starting to pull in. The firm sees little upside to Q4 estimates and likely reductions in Q1. Price target lowered to $18 from $20.