On October 12, Monolithic Power fell 3.04% in regular trading, trading at $1344.22 per share, with turnover of $22.63 million. The decline came after the company was named among respondents in a US International Trade Commission Section 337 investigation concerning vertical power delivery systems, initiated by Vicor on October 9.
The investigation spans 20 entities across the AI server power supply chain, from chips and modules to full-system integrators, with Monolithic Power and its Chinese subsidiary included on the list. Market attention focused on potential supply chain constraints and litigation-related costs, although no ruling has been made.
This legal and market access uncertainty overshadowed the company's recent manufacturing agreement with GlobalFoundries and better-than-expected second-quarter results and third-quarter guidance.
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