lawsuitBoth Samsung and LG create displays. In fact both companies have provided display technology for Apple’s iOS products in the past, so we guess it’s not a complete surprise that both companies consider themselves rivals. In the past both companies have sued each other over the display technology found in each other’s products, claiming that the other had infringed upon their patent. Well it seems that both companies have decided that enough is enough, and have decided to settle the dispute amicably.

Naturally the details of the settlement between both companies are under wraps, but according to a statement released, both companies will “focus more on cementing our leadership in the global market by cooperation, instead of engaging in all-consuming patent disputes.” In any case we guess it’s good news that both companies have decided to end their dispute, after all long and drawn-out lawsuits aren’t exactly fun for either side and could potentially drag on for years, just like how the Apple and Samsung lawsuits are still ongoing.

Filed in Gadgets. Read more about Legal, LG and Samsung.

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