• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, May 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Samsung LED settles with $150m, says nanotech firm

by Prity Khanal
February 5, 2023
in News, Tech
Reading Time: 2 mins read
0
Samsung’s asset management arm has recently launched a bitcoin future ETF
TwitterWhatsappLinkedin

According to Nanoco and a shareholder in its cases, Samsung Electronics Co. has decided to give $150 million to British nanotechnology startup Nanoco Technologies to resolve patent issues regarding the tech used in Samsung’s LED TVs.

You might also like

Nike Lays Off Employees from Technology Division as Part of CEO Elliott Hill’s Turnaround Plan

Government to Raise Rs 1,000 Crore by Selling BSNL and MTNL Land Assets

Centre Defends BCAS Decision to Revoke Celebi’s Security Clearance in Delhi High Court

As stated in a press statement from Nanoco and Chicago-based litigation funding company GLS Capital, the deal, which involves a license agreement as well as the “transfer of certain patents,” ends legal disputes in China, Germany, and the United States.

An employee of Samsung Electronics walks past LED lighting drums displayed for visitors at a showroom at the company’s headquarters in Seoul October 28, 2011. REUTERS/Jo Yong-Hak

On the eve of a hearing last month, Samsung and Nanoco informed a Texas federal court that they had reached an agreement however no specifics were provided.

An inquiry for feedback was not immediately responded to by Samsung personnel.

Quantum dots from Nanoco boost LED display backlighting without the need for harmful toxic metals like cadmium. After obtaining specimens during discussions about a joint partnership, it filed a complaint against Samsung in 2020, claiming that the Korean technology giant plagiarised its innovation.

According to the Texas complaint, Samsung started implementing Nano co’s tech in its premium QLED TVs that arrived in 2017.

In recent times, third parties have progressively funded cases, while information regarding specific investments is rarely made publicly available. Critics, like the U.S. Chamber of Commerce, have advised that the practice encourages pointless lawsuits and obscures who is responsible for cases. Supporters believe that it can improve justice and equalize the playing field.

In a release, Nanoco CEO Brian Tenner stated that GLS Capital’s investment “allowed us to pursue our claims against a much larger adversary on equal footing.”

Adam Gill, a co-founder of GLS, claimed that Nanoco would get more than a 60 percent of the settlement’s revenues but he did not provide further specifics regarding their funding arrangement. He declared that the corporation was “proud” to have helped Nanoco in the lawsuit.

According to Gill, Asustek Computer Inc. of Taiwan is independently handling its attempts to enforce its catalog of 3G, 4G, and 5G wireless patents through GLS affiliate Celerity IP.

Samsung Electronics Co. v. Nanoco Technologies Ltd., U.S. District Court for the Eastern District of Texas, No. 2:20-cv-00038, is the name of the case.

 

Tags: #charges#nanoco#technologyLawsuitLEDsnanotechsamsung
Tweet54SendShare15
Previous Post

Vaccines over Mars: Bill Gates says he would rather spend on vaccines than on the Mars project

Next Post

Twitter playing ‘stupid game’ and stalling ex-workers’ legal claims: Lawyer

Prity Khanal

Prity is a content writer whose passion lies in writing to inspire others. She specialises in the field of law. With a curious mind and love for research and proficiency in creating informative narratives, she has specialised in tech, crypto, and is up-to-date with current market changes and flexible in various other fields.

Recommended For You

Nike Lays Off Employees from Technology Division as Part of CEO Elliott Hill’s Turnaround Plan

by Rounak Majumdar
May 20, 2025
0
Nike Lays Off Employees from Technology Division as Part of CEO Elliott Hill’s Turnaround Plan

Nike, the US-based global sportswear leader, has initiated a new round of layoffs targeting its technology division as part of a broader turnaround effort led by CEO Elliott...

Read more

Government to Raise Rs 1,000 Crore by Selling BSNL and MTNL Land Assets

by Rounak Majumdar
May 20, 2025
0
Government to Raise Rs 1,000 Crore by Selling BSNL and MTNL Land Assets

The Indian government has started an important endeavor to sell off land assets owned by state-run telecom companies Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited...

Read more

Centre Defends BCAS Decision to Revoke Celebi’s Security Clearance in Delhi High Court

by Rounak Majumdar
May 20, 2025
0
Centre Defends BCAS Decision to Revoke Celebi’s Security Clearance in Delhi High Court

The Government of India has strongly defended its decision to revoke the security clearance of Turkish aviation firm Celebi Airport Services India Pvt Ltd, stating it would have...

Read more
Next Post
Elon to end lawsuit over late disclosure of Twitter stake

Twitter playing 'stupid game' and stalling ex-workers' legal claims: Lawyer

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?