Samsung and LG Battle Over OLED Tech
- Samsung owns 99% global OLED patents
- Injunction is sought vs LG
- LG must pay 1 Billion Won
Samsung has claimed it exclusively owns up to 18 confidential technologies regarding its organic light emitting diode (OLED) technologies, along with 21 “other relevant” details that r
- Samsung owns 99% global OLED patents
- Injunction is sought vs LG
- LG must pay 1 Billion Won
Samsung has claimed it exclusively owns up to 18 confidential technologies regarding its organic light emitting diode (OLED) technologies, along with 21 “other relevant” details that rival LG used to manufacture advanced screen displays.
In an injunction filing, Samsung requested Seoul Central District Court to order LG Display to pay a billion won (AUS$862,000) for each time that Samsung's patented technologies were used, or information was made public to a third party.
At IFA trade show in Berlin, tech companies are scrambling to showcase future wave of televisions sporting slimmer and more vivid screen panels or OLED, which heightens the viewer experience than the current dominant liquid crystal display screens.
As well as an apology from LG, Samsung wants LG to take actions to remedy the situation, citing the investments of more than 1 trillion won in a span of one decade just so it can become the market leader in the advanced television displays and technologies sector.
Samsung now claims to hold nearly 99 percent of the global OLED market.
For its part, LG indicated in a response over the Samsung complaints in July that the case clearly showed that Samsung was only meaning to defame the company. For its technology “which works under a totally different display system,” LG is left with no room to need Samsung's technologies.
OLED television will make a splash as shipping from different vendors start before the end of this year in various territories, including Australia. Price range of OLED television comes between AUS$15,000 to AUS$25,000.