US International Trade Commission Initiates 337 Investigation, Nvidia Drops Over 2%

On July 16, Nvidia fell over 2%, while Broadcom and AMD dropped nearly 4%. The news comes after the US International Trade Commission (ITC) decided on July 15 to initiate a 337 investigation into specific dynamic random-access memory (DRAM) devices and their downstream products and components, involving companies such as Samsung Electronics, Google, Nvidia, AMD, and Broadcom. On June 16, Netlist, Inc. of Irvine, California filed a 337 investigation request with the US ITC, claiming that the export, import, and sale of the product in the US violated US Section 337 (infringing US registered patents 12,646,537 and 12,650,937), and requested the ITC to issue a limited exclusion order and a cease-and-desist order.