Seoul Semiconductor and Philips Electronics agreed to settle their pending legal cases and to enter into a cross-license agreement covering patents relating to specific LED technology areas.
Under this arrangement, each party gains access to a substantial part of the other party's patent portfolios for various LED level technologies.
"As cross-license agreement details are usually kept confidential, we have agreed not to disclose any of the terms," says John Bae, vice-president of Seoul Semiconductor. "We will continue to focus our attention towards innovative LED technology and driving adoption through quality and value." By entering into this cross-license agreement with Philips, Seoul Semiconductor anticipates expanding its flexibility.
Seoul Semiconductor is the the world?s fourth largest LED supplier olds patent agreements regarding LED technology with many leading LED manufacturers.