Over the last two weeks, two Taiwanese LED manufacturers Harvatek and Knightbright decided to settle patent disputes with Cree, ending a nearly two year lawsuit. Both Taiwanese vendors agreed to sign patent royalties for an undisclosed sum. Few details have been released about the conditions of the settlements. It is becoming clearly evident that Cree’s strategy is centered on cashing in from its LED patent portfolio, said a LEDinside analyst, who chose to remain anonymous.

Cree, a leader in LED lighting, announced today that it has reached a confidential settlement in its patent infringement lawsuit with Kingbright, Inc. Kingbright and Cree have agreed to a royalty bearing, worldwide license to the Cree patents-in-suit, thereby ending the lawsuit between the parties.

Cree, Inc. (Nasdaq: CREE) has filed patent infringement lawsuits in the United States District Court for the Western District of Wisconsin to prevent Harvatek Corporation and Kingbright Corporation from infringing Cree’s patented intellectual property. These patents, among other things, protect Cree’s LED component portfolio, including Cree’s white light LEDs.