Key insights
- The USITC is investigating Roku and Hisense for alleged patent violations related to streaming and display devices. InnoTV Labs is seeking exclusion and cease-and-desist orders. This could negatively impact Roku and Hisense's US market share and profitability, but the overall market impact on US equities is limited.
WASHINGTON, April 1 (Reuters) - The U.S. International Trade Commission said on Wednesday that it has opened a Section 337 patent violation investigation into certain Roku and Hisense brand display devices, streaming players and components.
The USITC said in a statement that the petitioner in the case is Las Vegas-based InnoTV Labs LLC, which alleged that its patens were violated by devices and components imported by San Jose, California-based Roku Inc, Purple Tag Media Technology Shanghai Ltd and Qingdao, China-based Hisense Visual Technology Co and related companies.
InnoTV Labs has requested that the USITC issue a limited exclusion order and cease and desist orders against the imports, the panel said.
(Reporting by David Lawder, Editing by Franklin Paul)