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Samsung spends $25 million to create a US display patent firm

Samsung looking to protect patents through new US-based patent firm

| Business, Financial & Legal News | Posted: May 27, 2013 10:30 pm

Samsung has spent invested $25 million to start a US-based display patent firm. The firm was quietly launched in March in Washington D.C. and will help Samsung protect its patents in the United States. According to the Korea Times, the new firm is known as Intellectual Keystone Technology (IKT).

 

TweakTown image news/3/0/30623_1_samsung_spends_25_million_to_create_a_us_display_patent_firm.jpg

 

The company will allow Samsung to better protect its intellectual property, something we've seen Apple doing in the Apple v Samsung lawsuit. Samsung's screens are seen on a wide variety of devices, so its important that Samsung not lose its patents or have them infringed upon as it would be a major hit to the business.

 

A Samsung Display spokesperson said, "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."

 

Should we expect to see an uptick in patent litigation? It's certainly possible, though for right now it appears Samsung is just working on amassing patents.

NEWS SOURCES:Koreatimes.co.kr

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