LG and Osram agree to settle LED patent suit

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.

For full article, see Joongang Daily.