Samsung and LG settle LCD, OLED patent dispute, choose to focus on cooperation

Samsung Display and LG Display have let the lawsuits fly in a patent battle over LCD- and OLED-related technology, but today that is apparently all over. In separate statements to the press, Samsung said “we two should focus more on cementing our leadership in the global market by cooperation, instead of engaging in all-consuming patent disputes.” For its part, LG claimed that “what’s most important for both of us is upgrading our competitiveness globally.” All’s well that ends well we guess, and a faster rollout of new display technology is nothing we’ll argue against. The only possible issue? If they work together too well to achieve global market domination.

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Source: The Economic Times, The Standard (AFP)

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Author: Daily Tech Whip

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