LG Buried the hatchet with Osram on LED Patent

LG Electronics has buried the hatchet with Siemen's light bulb unit Osram over an LED patent lawsuit.

In addition, according to Reuters, the two companies also agreed to "cross-license each other's LED patents and drop all litigation related to lighting product technology that they filed last year against each other in South Korea, the United States, Japan, China and Germany."

Also, Osram made a similar deal two months ago with Samsung.

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