"Samsung Display had an ongoing three-year legal battle against BOE over trade secrets theft and patent infringements related to OLED tech, and according to a new report from Yonhap News, the two sides have settled their dispute. According to the report, the U.S. International Trade Commission (ITC) issued an official statement confirming that the case has been suspended. While details of the withdrawal were not disclosed,"
"industry sources suggest that BOE has reached an out-of-court settlement with Samsung, which would see it paying royalties to use Samsung Display's intellectual property (IP). Prior to this turn of events, BOE was faced with a nearly 15-year preliminary ban on OLED display imports to the US due to its violation of the US Tariff Act. BOE was reportedly selling its OLED panels through misappropriation of Samsung's trade secrets."
Samsung Display had a three-year legal battle against BOE over trade secret theft and patent infringements related to OLED technology. The U.S. International Trade Commission (ITC) issued a statement confirming suspension of the case. Industry sources indicate BOE reached an out-of-court settlement with Samsung that includes royalty payments for use of Samsung Display's intellectual property. BOE had faced a nearly 15-year preliminary ban on OLED display imports to the US due to violations of the US Tariff Act. BOE reportedly sold OLED panels through misappropriation of Samsung's trade secrets. BOE supplies major smartphone brands including Apple, Huawei, vivo, and Oppo. The settlement should enable BOE to resume OLED display imports to the US.
Read at GSMArena.com
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