After almost two years of legal wrangling, Samsung and Sharp have ended their battle over LCD technology patents. The two will now drop all lawsuits against each other, and cross-licence LCD panel and module technologies.
The companies have been firing legal shots in Japanese, Korean, US and European courts since August 2007, alleging each infringed the other's technology. Sharp opened hostilities in the US courts, claiming five LCD-related transgressions, and Samsung swiftly responded in kind. In all some 20 suits were filed.
The agreement to drop all proceedings came just days after the US International Trade Commission said it was investigating Sharp's claims, the US and Dutch authorities having previously ruled in the company's favour, banning Samsung's exports of TVs using Sharp's patented technology.
A Sharp statement said that "On February 5, Sharp Corporation and Samsung Electronics Co. Ltd. signed a settlement agreement to end ongoing patent infringement disputes over LCD panels and modules.
"Based on this settlement, all lawsuits will be promptly withdrawn, bringing an end to all patent infringement litigation between the two companies."
More after the break
No financial details of the settlement have been released.