Stock Track | InnoScience Soars 5.25% on Patent Lawsuits Against Competitors

Stock Track

01-17

Shares of InnoScience Suzhou Technology Holding Co Ltd (2577.HK) surged 5.25% in Friday's intraday trading session, following news that the company has initiated lawsuits related to a patent against several semiconductor firms.

According to the reports, InnoScience and its subsidiaries have filed complaints regarding Patent No. 202211387983.X against Infineon Technologies (China) Co., Ltd., Infineon Technologies (Wuxi) Co., Ltd., and other companies.

While the details of the patent and the potential implications of the lawsuits are not yet clear, investors seem to be reacting positively to InnoScience's legal actions, which could potentially strengthen the company's competitive position and intellectual property rights.

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