Samsung splashes $25m on display patents business

Summary:Samsung sets up an LCD and OLED licensing shop in the US.

Samsung Display, a unit of Samsung, has established a Washington DC-based licensing firm specialising in display patents.

Samsung has invested $25m to set up the firm, it emerged this week. Known as Intellectual Keystone Technology (IKT), the company is intended to strengthen Samsung's patent-related business, according to The Korea Times, which notes that this is Samsung's first business operating solely in patents.

"Samsung recently established IKT. Patents are a good source of innovation and we also need to protect our intellectual property by strengthening our patent-related business," a spokesman told the paper.

IKT opened in March and has already acquired over 100 display-related patents from Seiko Epson, related to OLED and LCD.

While Samsung's most well-known patent battle is with Apple, it recently dropped two long-running patent suits against LG Display over the latter's use of OLED and LCD.

If the paper's sources are correct, Samsung is taking a leaf from Microsoft's book on licensing and patents with IKT.

"Companies should be paying licensing fees for patents. We are paying to platform providers such as Microsoft in return for using their patents. IKT will be tasked to find out which patents are helpful and valued for Samsung," said an industry source, according to the Korea Times.

Samsung was one of the earlier parties to join Microsoft's patent licensing agreements that it has aimed at Android device makers across the globe. 

Topics: Hardware, Patents, Samsung

About

Liam Tung is an Australian business technology journalist living a few too many Swedish miles north of Stockholm for his liking. He gained a bachelors degree in economics and arts (cultural studies) at Sydney's Macquarie University, but hacked (without Norse or malicious code for that matter) his way into a career as an enterprise tech, s... Full Bio

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.