社区

Roku fell over 6% in morning trading as International Trade Commission bans import and sale of its products.Universal Electronics Inc. (“UEI”) (NASDAQ:UEIC), the global leader in wireless universal control solutions for home entertainment and smart home devices, today announced that the United States International Trade Commission (“ITC” or the “Commission”) publicly issued its favorable final determination in UEI’s patent infringement case against Roku, Inc. (“Roku”), concluding several Roku products infringe a UEI patent and barring the importation and sale of those products. The orders will become final on January 9, 2022, following the expiration of a Presidential review period.Its stocks rose over 5% in morning trading.