Lenovo Faces US Anti-Trust Probe
Zhang Yushuo
/SOURCE : yicai
Lenovo Faces US Anti-Trust Probe

(Yicai Global) May 31 -- Lenovo faces a possible US investigation for alleged violation of anti-trust laws, also known as Section 337, Securities Times reported.

US firm company has applied to the US International Trade Commission to open a 337 Investigation against China's touch-controlled mobile devices, computers, and components significantly affecting the Beijing-based firm, according to a statement from the commerce ministry. 

Lenovo is following the case closely, the company told Securities Times without further comment.

Lenovo posted a 12.5 percent increase in turnover to USD51 billion for the last fiscal year, making a net profit of CNY4 billion (USD578.9 million) from a loss the year before. 

Lenovo's personal computer and smart device business made up three-quarters of total income, while mobile business contributed 13 percent, so Neodron's case targets the firm's most profitable businesses. Lenovo's North American shipments rose by nearly half in the past year. 

The US mainly uses Section 337 to oppose unfair competition in import trade, and above all to protect domestic intellectual property rights from allegedly infringing imported products.

The ITC opened a 337 probe related to China's photovoltaic cells and its downstream products in April. Jinko Solar, LONGi Green Energy Technology and seven other Chinese companies were involved.

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Keywords: Lenovo