Seoul semiconductor and Itswell reached a white LED patent license agreement

The light emitting diode (LED) lighting technology manufacturer Seoul Environmental Protection announced earlier on semiconductor by Taiwan AOT company to the Korean court, demanded the Seoul semiconductor white LED patent invalid appeal, the Supreme Court recently in Korea (Korean Supreme Court) concluded that Seoul semiconductor won the case. In addition, Seoul semiconductor and South Korea's LED manufacturer Itswell reached a white LED patent license agreement.

With the Seoul semiconductor and Itswell reached a settlement agreement to solve the problem of white LED patent litigation and claims of production rights, Seoul semiconductor and Itswell signed a white LED patent license agreement. The agreement allows the Seoul semiconductor to Itswell company, the company in the past and future use of Seoul semiconductor white light LED production technology patents, royalties can be levied.

According to the German Bank (Deutsche) forecast, LED's industrial scale in 2017 will grow to the same level of storage semiconductor industry (memory semiconductor industry). In the future of the Korean economy, the proportion of the LED industry in the information technology sector will be more and more, it will be with LCD, PDP and mobile phones, etc.. Based on the growth prospects of the LED market, South Korea about 100 LED companies, including Seoul semiconductor, have a lot of investment in technology research and development and business development.