Samsung Electronics Co. and Siemens AG’s Osram unit have reached a global settlement of their patent fights over light-emitting diode technology, according to a filing with a U.S. trade agency.
Financial details weren’t made public in the filing dated yesterday with the U.S. International Trade Commission in Washington. The settlement ends a case that Samsung filed against Osram and that was scheduled for trial at the agency on Aug. 13. Osram’s case against Samsung went to trial last month, and the judge was expected to release his findings in October.
The settlement agreement covers those cases and “other legal proceedings throughout the world between Samsung and Osram involving LED technology,” the filing said. The companies have been fighting in Germany, Korea and the U.S. over technology that is transforming how lighting works in homes, businesses, cars and electronics.
“We can confirm that we reached a settlement with Samsung,” Stefan Schmidt, an Osram spokesman, said in a statement. “Following the agreement, we do not comment on the details of the settlement. Osram feels comfortable with the reached agreement.” (Bloomberg)