- 3M Co (NYSE:MMM) subsidiary 3M Innovative Properties Co. and Luxshare Technology Co., Ltd., signed a limited patent license agreement to use the Twin Axial Cable technology from 3M.
- 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.
- Luxshare has taken a global royalty-bearing patent license from 3M as part o the agreement.
- Price Action: MMM shares are trading higher by 1.23% at $187.86 on the last check Wednesday.
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