Netlist Files New ITC Action Against Micron Technology, Inc. Involving HBM Patents for AI Computing

Rhea-AI Summary

Key Figures

Investigation institution date: September 23, 2026

Investigation institution date

September 23, 2026

ITC Investigation 337-TA-1523

Key Terms

high bandwidth memory, exclusion order, cease and desist orders

3 terms

high bandwidth memory technical

"Netlist's High Bandwidth Memory (HBM) patents"

High bandwidth memory (HBM) is a type of computer memory built by stacking chips vertically and placing them very close to a processor so large amounts of data can move much faster and use less power than with traditional memory. For investors, HBM matters because it can noticeably raise the speed and efficiency of data-center, AI and graphics products, influencing a maker’s competitiveness, product value, production cost and market demand—similar to a faster highway letting more trucks deliver goods per hour.

exclusion order regulatory

"seeking exclusion and cease and desist orders"

An exclusion order is a government directive that bars specific products from entering or being sold in a market because they violate laws or regulations, most often intellectual property or import rules. For investors, it matters because it can suddenly cut a company’s sales or remove competitors’ products from shelves—like a referee stopping a player from rejoining a game, it changes who can compete and where revenue can flow.

cease and desist orders regulatory

"seeking exclusion and cease and desist orders"

A cease and desist order is an official instruction from a regulator, court, or other authority telling a company or individual to stop a specific activity immediately and to refrain from repeating it, similar to a stop sign enforced by law. For investors, such an order can halt product sales or operations, harm reputation, trigger fines or lawsuits, and create uncertainty that may reduce revenue and depress a company’s stock price.

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IRVINE, Calif., Sept. 29, 2026 /PRNewswire/ -- Netlist, Inc. (OTCQB: NLST) today announced it has initiated new legal proceedings before the United States International Trade Commission (ITC) seeking exclusion and cease and desist orders against Micron Technology, Inc. and downstream customers Nvidia, Broadcom, and Google (collectively, "Respondents"). The ITC investigation is based on infringement of Netlist's High Bandwidth Memory (HBM) patents covering technologies used in advanced AI computing.

C.K. Hong, Netlist's Chief Executive Officer, said, "Netlist has spent decades developing advanced memory technologies now used in rapidly expanding AI infrastructure. This action reflects our continued commitment to protecting our foundational technologies from unauthorized use."

In this ITC complaint against Micron, Netlist asks the ITC to investigate Respondents for infringement of U.S. Patent Nos. 12,308,087 and 12,646,537. Netlist alleges these patents cover at least Micron's HBM3E, HBM4 and HBM4E products.  Netlist is represented by Sterne Kessler Goldstein & Fox and Irell & Manella.

Netlist had filed another ITC complaint against Micron on August 11, 2026 that also named Super Micro Computer, Hewlett Packard Enterprise and Lenovo, alleging that Micron's DDR5 RDIMMs and/or MRDIMMs infringe four Netlist patents. The ITC instituted this case as Investigation 337-TA-1523 on September 23, 2026.

About Netlist

Netlist is a leading innovator in advanced memory and storage solutions. With a rich portfolio of patented technologies, Netlist's inventions are foundational to the advancement of AI computing. To learn more about Netlist, please visit www.netlist.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this news release include, without limitation, statements about the outcome of the ITC investigation and the patent infringement action, future exclusion and cease and desist orders, Netlist's ability to successfully enforce its intellectual property rights, and evaluations and judgments regarding Netlist's intellectual property portfolio. Forward-looking statements are statements other than historical facts and often address future events or Netlist's future performance. They reflect management's present expectations regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These risks, uncertainties and other factors include, among others, risks: Netlist may not be able to collect the substantial amount in damages previously awarded to it in its litigations (appeals in general could cause a lengthy delay in Netlist's ability to collect damages awards, could overturn the verdicts or reduce the damages awards); Netlist will suffer adverse outcomes in its litigation with Micron or Google or in its various other active proceedings to defend the validity of its patents; related to Netlist's plans for its intellectual property, including its strategies for monetizing, licensing, expanding, and defending its patent portfolio, which efforts may not be successful; other patent infringement litigation initiated by Netlist, or by others against Netlist, may not be successful or resolve favorably for Netlist, particularly given the costs and unpredictability of any such litigation; associated with Netlist's product sales, including whether and how long the current market and demand for products sold by Netlist will persist or persist as expected and whether Netlist may successfully develop and launch new products that are attractive to the market; whether Netlist will continue to acquire components or products for resale on favorable terms; that Netlist or its counterparties may fail to perform their obligations as required pursuant to applicable license and supply agreements, associated with the competitive landscape of Netlist's industry, general economic, political and market conditions, factory slowdowns and/or shutdowns, and changes in international trade and tariff policies. All forward-looking statements reflect management's present assumptions, expectations and beliefs regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These and other risks and uncertainties are described in Netlist's Annual Report on Form 10-K for the fiscal year ended December 27, 2025 filed with the SEC on March 19, 2026, and the other filings it makes with the U.S. Securities and Exchange Commission from time to time, including any subsequently filed quarterly and current reports. In light of these risks, uncertainties and other factors, these forward-looking statements should not be relied on as predictions of future events. These forward-looking statements represent Netlist's assumptions, expectations and beliefs only as of the date they are made, and except as required by law, Netlist undertakes no obligation to revise or update any forward-looking statements for any reason.

For more information, please contact:
Investors/Media
Mike Smargiassi
The Plunkett Group
NLST@theplunkettgroup.com
(212) 739-6729

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SOURCE Netlist, Inc.