U.S. International Trade Commission Votes to Institute Second Investigation Into Samsung

Rhea-AI Summary

Market reaction: NLST +3.94% on ITC investigation into Samsung patents

+3.94%

+3.94% News Effect

On the day this news was published, NLST gained 3.94%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Set against moderate short interest and recent insider net selling reported over the last 90 days, t...

Analysis

Set against moderate short interest and recent insider net selling reported over the last 90 days, this new ITC action adds another legal catalyst to an already litigation-heavy story. Investors may watch how this overlays with the scheduled November 2026 evidentiary hearing in the first ITC case.

Key Figures

ITC investigation number: 337-TA-1511 Patents in new ITC case: 2 patents New ITC patents: 12,646,537; 12,650,937 +4 more

7 metrics

ITC investigation number 337-TA-1511 Second ITC investigation into Samsung and customers

Patents in new ITC case 2 patents Alleged infringement by Samsung memory products

New ITC patents 12,646,537; 12,650,937 Patents asserted against Samsung HBM and DDR5 modules

First ITC complaint patents 6 patents First ITC complaint filed September 30, 2025

First ITC complaint filing date September 30, 2025 Initial ITC case against Samsung, Google and Supermicro

First ITC evidentiary hearing November 2026 Scheduled start of ITC evidentiary hearing

New ITC complaint filing date June 16, 2026 Complaint that led to second ITC investigation

Key Terms

international trade commission, exclusion order, cease and desist orders, evidentiary hearing

4 terms

international trade commission regulatory

"United States International Trade Commission (ITC) has instituted an investigation"

A government body that acts like a referee for cross-border commerce, reviewing complaints about unfair practices, banned imports, tariffs or patent violations and issuing rulings or penalties. Its decisions can quickly change which foreign products can be sold, add costs through duties or block imports entirely, so investors watch rulings for sudden impacts on a company’s sales, supply chains, profit margins and competitive position.

exclusion order regulatory

"Netlist is seeking exclusion and cease and desist orders to stop importation"

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

"Netlist is seeking exclusion and cease and desist orders to stop importation"

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.

evidentiary hearing regulatory

"The ITC's evidentiary hearing in this case is currently scheduled"

A hearing where a judge or administrative official allows parties to present evidence, call witnesses, and make factual arguments before making a decision. Think of it as a short, focused trial used to resolve disputed facts or decide whether certain legal or regulatory steps should proceed. Outcomes can change a company’s legal exposure, compliance status, or the timing of regulatory actions, which can affect investor expectations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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IRVINE, Calif., July 16, 2026 /PRNewswire/ -- Netlist, Inc. (OTCQB: NLST) today announced that the United States International Trade Commission (ITC) has instituted an investigation, ITC Inv. No. 337-TA-1511, into Samsung and its customers, Google, Supermicro, Nvidia and Broadcom (collectively, "Respondents") pursuant to Netlist's complaint filed on June 16, 2026. The ITC will determine over the course of the investigation whether Samsung memory products should be banned from importation into the United States for infringing two Netlist patents.

The ITC will investigate whether the Respondents infringe Netlist's U.S. Patent Nos. 12,646,537, and 12,650,937. These patents respectively read on Samsung's high-bandwidth memory (HBM) products and Samsung's DDR5 RDIMMs and MRDIMMs. Netlist is seeking exclusion and cease and desist orders to stop importation of the infringing products into the United States by each of the Respondents.

C.K. Hong, Netlist's Chief Executive Officer, said, "We are committed to protecting our intellectual property and pleased with the ITC's decision to open this second investigation into the unauthorized use of Netlist patents by Samsung and its customers."

In Netlist's first ITC complaint filed on September 30, 2025, the ITC is investigating whether Samsung, Google and Supermicro infringe six Netlist patents: U.S. Patent Nos. 12,737,366, 10,025,731, 10,268,608, 10,217,523, 9,824,035, and 12,308,087. Each of these patents reads on one or more of the following products: DDR5 memory modules, e.g., DDR5 RDIMM, UDIMM, SODIMM, and MRDIMM, and high-bandwidth memory (HBM). The ITC's evidentiary hearing in this case is currently scheduled to start in November 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 Netlist's positioning to capitalize on next generation memory products, and evaluations and judgements regarding Netlist's products and 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 Samsung, 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; that 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; 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.