Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and ADJ Products, LLC (ADJ) today announced that they have reached a mutually beneficial settlement resolving a patent infringement dispute involving Cree LED’s patents related to LED components commonly used in LED displays. As part of the settlement, Cree LED granted ADJ a limited license to certain Cree LED patents covering LED components. Cree LED is firmly committed to protecting its intellectual property as part of its broader mission to drive innovation in LED display techn...