Toyoda Gosei Co Ltd. and Sharp Corp have entered into a cross-licensing agreement, which granted each other the right to use inventions related to nitride-based LEDs and laser diodes covered by patents owned by the respective companies in Japan and in other countries.
Toyoda Gosei and Sharp both own a wide-ranging patents in the area of optoelectronics. They say that, as a result of the cross-license agreement, they will be able to step up their R&D efforts and meet the rapidly growing demand for LEDs. Toyoda Gosei and Sharp say that they will continue to develop high-brightness LEDs and pursue the expansion of the LED market through fair competition.
