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Stock impact report

Hewlett Packard Enterprise sues China's Inspur over server patents [Reuters]

HP Inc. (HPQ) 
Last hp inc. earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: h30261.www3.hp.com
Company Research Source: Reuters
, opens new tab in California federal court on Monday, claiming Inspur's products infringe five HPE patents related to computing technology. HPE said in the lawsuit New Tab , opens new tab that Inspur, which the Biden Administration added to a U.S. trade blacklist last year, sells several models of servers, storage devices, networking devices and software that violate its patent rights. The lawsuit also said that Inspur sells the products through a U.S. subsidiary, Silicon Valley-based Aivres Systems, that it renamed to avoid negative publicity from the export ban. Representatives for Inspur did not immediately respond to a request for comment on the lawsuit. HPE spokesperson Adam Bauer said that the company filed the lawsuit to "defend HPE's leadership position resulting from its substantial R&D investments." Inspur is a major provider of cloud-computing servers used to power technology including artificial intelligence. The U.S. Department of Commerce banned American enti Show less Read more
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