Asetek halts revenue guidance as large customers cancel orders
Asetek was one of the pioneers of closed-loop liquid cooling systems in the early 2000s and patented many technologies covering all-in-one liquid coolers. This put Asetek in a unique position to sue competitors for patent infringements or make them its customers and produce LCSs for them. However, as suppliers of closed-loop liquid coolers find ways to overcome Asetek’s patents to circumvent some of the company’s patents while the other expires, they lower their orders to the Danish liquid cooling giant....