Osram is building a new LED packaging facility in Wuxi, China and jointly announces with Samsung settlement of their worldwide patent dispute.

Osram AG and Samsung Electronics Co jointly issued a press release Friday August 17 announcing settlement of all worldwide patent suits between the two, and joint license agreements for their respective LED patent portfolios. Earlier, Osram had announced that it broke ground on a new LED packaging factory in Wuxi, China with plans to complete and activate the facility by the end of 2013.

IP settlement

Rumors of a settlement between Osram and Samsung had been reported throughout the week, evidently based on a filing with the US International Trade Commission (ITC), although the principals in the dispute kept quiet. The news release confirmed the development without providing many details other than stating that the suit dismissals around the globe should be complete by the end of August.

The tone of the release was decidedly conciliatory with the former combatants implying that they will work together in the future. "We believe the two companies now have an opportunity to significantly contribute to the LED industry and offer better products to our customers," said Namseong Cho, executive vice president and general manager of Samsung Electronics