Zhongxing Tort Maxell Case To Be Lost In Compensation Of $43 Million 300 Thousand

Before ZTE's smartphones and tablet computer products were accused of violating their patents by Maxell, the case has been lawsuits in Dezhou, the United States, and the jury found that ZTE intentionally torts to $43 million 300 thousand (about 289 million yuan) to Maxell.

The jury in Dezhou said that ZTE's tort was deliberate and that the jury's decision could have a significant impact on the judge's final decision, which led to a fine of three times the original.

It is understood that Maxell is Hitachi's company, in November 2016, ZTE prosecution to the Dezhou court of the United States. Maxell believes that ZTE violates 8 American patents, which mainly involves smart phone power saving control, photographing, navigation and audio decoding, most of which belong to smart phone application technology patents.
However, ZTE's patent appearance on the photo function was indeed a violation of the Maxell patent.

Although the US said today that the ban on ZTE had been loosed, ZTE and the United States had reached an agreement to pay a fine of $about one billion and restructure the high level. In accordance with the agreement, ZTE completed the personnel adjustment and the establishment of a fine account. Since the ban has been affected, ZTE business has been stagnant for a few months, the share price has fallen to 57%, although ZTE's A shares yesterday performance is strong, but the Maxell infringement case, the current state of ZTE is no doubt a frost.