LG 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.
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