Seoul, Philips LED patent settlement and signing interactive license agreement

South Korea's LED giant Seoul Semiconductor announced on November 30 that the company has reached a settlement with Philips patent infringement lawsuit and signed an interactive licensing agreement for specific LED technology fields.

According to the agreement, Seoul Semiconductor and Philips will be able to acquire a patented technology of a large part of the LED level. The parties did not disclose the details of the interactive license agreement.

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