Kingston through its HyperX brand and Micron through its Crucial division. Our primary competitors in the market for prebuilt gaming PCs and laptops include Dell through its Alienware brand, HP
through its Omen brand, Asus and Razer. Our primary competitors in the market for custom-built gaming PCs and laptops include iBuypower and Cyberpower.
Competitors in new markets. We are considering a number of other new products and, to the extent we introduce products in new categories, we will
likely experience substantial competition from additional companies, including large computer peripherals and consumer electronics companies with global brand recognition and significantly greater resources than ours.
Our ability to compete successfully is fundamental to our success in existing and new markets.
If we do not compete effectively, demand for our products could decline, our net revenues and gross margin could decrease and we could lose market
share, which could seriously harm our business, results of operations and financial condition.
Intellectual Property
We consider the Corsair brand to be among our most valuable assets. We also consider the Elgato, Origin, and SCUF brands; proprietary technology brands
such as iCUE and Slipstream; and major product family brands such as Corsair ONE, Dark Core, Dominator, Glaive, Harpoon, Ironclaw, K70, Nightsword, Scimitar, Vengeance, and Void to be important to our business. Our future success depends to a large
degree upon our ability to defend the Corsair brand and its associated sub-brands from infringement and, to a limited extent, to protect our other intellectual property. We rely on a combination of copyright, trademark, patent and other intellectual
property laws and confidentiality procedures and contractual provisions such as non-disclosure terms to protect our intellectual property.
As of
November 30, 2020, our patent portfolio consisted of 225 patents, including utility, invention, utility model and design patents, issued in strategic jurisdictions globally and 76 patent applications pending, consisting of 16 invention patent
applications in the United States, 27 invention patent applications in China, 3 invention patent applications in Taiwan, 18 invention patent applications in EPO, 5 invention patent applications in Canada, 1 invention patent applications in Japan, 1
invention patent applications in the United Kingdom, 5 design patent applications in the US. Our patents expire in the United States, the European Union, Taiwan and China on various dates from 2022 through 2039.
As of November 30, 2020, our trademark portfolio consisted of 498 trademarks, for which we had 462 registrations globally including the European Union
and with the World Intellectual Property Organization, or WIPO, and 36 pending applications for registrations globally including the European Union and with the WIPO. These include the registration of the Corsair name as a trademark in Argentina,
Australia, Brazil, Bulgaria, Canada, China, Croatia, Ecuador, Egypt, European Union, Hong Kong, India, Israel, Japan, Malaysia, Mexico, New Zealand, Norway, Peru, Philippines, Romania, Russia, Serbia, Singapore, South Africa, South Korea,
Switzerland, Taiwan, Thailand, Turkey, the United States, the United Kingdom, Uruguay and Vietnam and pending applications to register the Corsair name as a trademark in Pakistan and China.
The expansion of our business has required us to protect our trademarks, domain names, copyrights and patents and, to the extent that we expand our
business into new geographic areas, we may be required to protect our trademarks, domain names, copyrights, patents and other intellectual property in an increasing number of jurisdictions, a process that is expensive and sometimes requires
litigation. If we are unable to protect our trademarks, domain names, copyrights, patents and other intellectual property rights, or prevent third parties from infringing upon them, our business may be
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