LG, Osram agree to settle LED patent suitLG Electronics and LG Innotek, the electronics arms of Korean conglomerate LG, said Friday they have agreed to drop all light-emitting diode (LED) patent litigations with Osram GmbH, the LED unit of Siemens AG.
As part of the Oct. 31 settlement, the companies also agreed on a license agreement for their LED patent portfolios, settling patent suits filed in countries including Korea, Germany and the United States, the LG affiliates said in a press release.
The terms of the agreement were not disclosed.
“We are very much satisfied with the settlement reached. It is our long-standing policy to reach license agreements with other manufacturers of LED products,” said Aldo Kamper, chief executive officer of Osram Opto Semiconductors.
“With the patent litigations now terminated, we are looking forward to building a strong relationship with Osram in the field of intellectual property,” said Ryu Si-gwan, executive vice president of the LED business unit of LG Innotek.
The settlement between LG and Osram comes after Samsung Electronics dropped its patent suits with the German company earlier this year.
In August, Samsung and Osram agreed to settle their LED patent suits and signed a separate memorandum of understanding to jointly develop future LED-based products.
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