South Korea’s Seoul Semiconductor Co Ltd and Netherlands-based Royal Philips Electronics have agreed to settle their pending legal cases and to enter into a cross-license agreement covering patents related to specific LED technology areas.
Each party will gain 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 Seoul Semiconductor vice president John Bae. “We will continue to focus our attention towards innovative LED technology and driving adoption through quality and value,” he adds. By entering into this cross-license agreement with Philips, Seoul Semiconductor expects to expand its flexibility, the firm says.
Seoul Semiconductor also holds patent agreements regarding LED technology with many leading other LED makers.
Separately, in October, Seoul Semiconductor launched the Acrich2, the latest versions of its AC-driven Acriche family. “Acrich2 eliminates many of the technical barriers associated with traditional high-voltage and AC-driven LED solutions,” claims Bae.