Bloomberg has quoted from a filing with a U.S. trade agency that, Samsung Electronics Co. and Siemens AG’s Osram unit have reached a global settlement to end a LED patent fight 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 in July, and the judge was expected to release his findings in October.
According to the filing, the settlement agreement covers those cases and “other legal proceedings throughout the world between Samsung and Osram involving LED technology.”
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.
Stefan Schmidt, an Osram spokesman pointed out in a statement,“We can confirm that we reached a settlement with Samsung. Following the agreement, we do not comment on the details of the settlement. Osram feels comfortable with the reached agreement.”