3M and Luxshare Technology Complete Agreement for Twin Axial Cable Technology from 3M

Rhea-AI Summary

3M (NYSE: MMM) announced a new patent license agreement with Luxshare Technology for its Twin Axial Cable technology. This collaboration aims to enhance flexibility for server designers using high-speed data I/O cables in cloud and enterprise applications. Luxshare has acquired a global royalty-bearing patent license, aligning with its strategy to develop innovative, high-density interconnect solutions. The 3M Twin Axial Cable is notable for its thin design and capability to operate effectively up to 40GHz, offering potential cost savings in server applications.

Positive

• 3M has secured a global royalty-bearing patent license agreement with Luxshare Technology, enhancing its market presence.
• The agreement supports the development of high-speed data I/O solutions, which are in demand for cloud and enterprise servers.
• 3M Twin Axial Cables offer unique features such as thinness and resonance-free performance up to 40GHz, providing advantages in server design.

Negative

• None.

ST. PAUL, Minn., Sept. 8, 2021 /PRNewswire/ -- 3M (NYSE: MMM), 3M Innovative Properties Co. and Luxshare Technology Co., Ltd., (Luxshare) have signed a limited patent license agreement for the use of the Twin Axial Cable technology from 3M. 

Twin Axial cable is widely used for high-speed data input/output (I/O) in data center servers. The agreement will give server designers and manufacturers greater flexibility when selecting high speed, 3M™ Twin Axial Cable supply options for cloud and enterprise server applications.

As part of the agreement, Luxshare, a global designer and manufacturer of cable assembly and connector system solutions for consumer, automotive, cloud and enterprise applications, has taken a global royalty-bearing patent license from 3M.

"The agreement with Luxshare Technology reflects 3M's ongoing commitment to work with some of the best manufacturers in the world to provide higher-quality, more innovative cable assembly solutions," said Kevin Twomey, global business director at 3M. "We are excited to utilize Luxshare's worldwide presence to bring new solutions that can meet the latest standards for high speed I/O interconnect."

"We are delighted to enter into this business agreement," said Henning Hansen, vice president of global sales, and advanced technology at Luxshare. "This license agreement highlights and compliments the broad potential of our unique interconnect technology R&D capabilities and further supports Luxshare-technologies strategy to build a sustainable, reliable, high density and high speed interconnects product platform." 

3M™ Twin Axial Cables use 3M's robust intellectual property portfolio offering enabling them to be thin, foldable, and virtually resonance-free up to at least 40GHz. As one of the thinnest cables on the market, 3M Twin Axial Cables allow for more options in high-performance, dense servers and offer cost savings by helping to avoid PCB material upgrades and the need for retimers for server applications.

To learn more about 3M Twin Axial Cables, visit https://www.3m.com/twinax.

About 3M
At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.

About Luxshare
Luxshare Precision is a global designer and manufacturer of cable assembly and connector system solutions for consumer, automotive, cloud, and enterprise applications. Dedicated to flexible design, agile manufacturing, and collaborative partnerships, we work with technology leaders to create innovative solutions that transform our industries. We change the rules. You change the world. Visit us at: www.en.luxshare-ict.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/3m-and-luxshare-technology-complete-agreement-for-twin-axial-cable-technology-from-3m-301370663.html

SOURCE 3M

FAQ

What is the significance of the 3M and Luxshare Technology patent license agreement?

The agreement allows Luxshare to use 3M's Twin Axial Cable technology, enhancing design flexibility for high-speed data I/O in servers.

When was the patent license agreement between 3M and Luxshare Technology announced?

The agreement was announced on September 8, 2021.

What are the benefits of 3M Twin Axial Cables?

They are thin, virtually resonance-free, and operate effectively up to 40GHz, providing cost savings and design flexibility in high-performance servers.