On May 17, 2023, Nichia Corporation (“Nichia”) and CoreStaff Co., Ltd. (“CoreStaff”) settled the patent infringement lawsuit pending before the Tokyo District Court (Case No. Reiwa 5 (Wa) No. 70062) based on Nichia’s Japanese Patent No. 4974310, relating to KSF (PFS) phosphors, in which Nichia had sought an injunction against patent infringement and damages. Out of respect for Nichia's intellectual property rights and other considerations, CoreStaff, promptly and without proceeding with the lawsuit, discontinued handling ...