The US International Trade Commission (ITC) voted to initiate section 337 investigations into certain active matrix OLED display devices and their components, of which BOE is one of the defendants.
On December 28, 2020, Solas OLED Ltd. of Ireland filed a petition with the US ITC to initiate a 337 investigation, claiming that the products exported to the US, imported from the US and sold in the US infringed its patent rights, and requesting the US ITC to issue a limited exclusion and injunction order.
BOE Technology Group of China, Beijing BOE Display Technology of China, BOE Technology America, Samsung Electronics of Korea, Samsung Electronics America, and Samsung Display of Korea are named defendants.
The US International Trade Commission will set a closing date for the investigation within 45 days of the filing.
In response to the investigation, BOE said in a statement that it will not have a material impact on the company's current production and operations.
BOE Division has more than 10 years of experience in research and development in the field of OLED, mastering the core technologies in the field and possessing independent intellectual property rights, the company said, adding that before the implementation of the new technology, it carried out an intellectual property rights check to prevent the risk of infringement.
In a separate report released Friday, BOE said it expects a net profit of $4.8 billion to $5.1 billion in 2020, up 150 percent to 166 percent from a year earlier.
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