Samsung Electronics Co has agreed to pay $150 million to British nanotechnology company Nanoco Technologies to settle patent lawsuits over technology used in Samsung's LED televisions, Nanoco and an investor in its cases said Friday. Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement and the "transfer of certain patents," resolves litigation in the United States, Germany and China. Samsung and Nanoco told a Texas federal court on the eve of a trial last month that they had agreed to settle the dispute, but no terms were disclosed at the time.
(Bloomberg) -- From Intel Corp. to SK Hynix Inc., some of the world’s largest semiconductor makers stunned investors with brutal losses heading into 2023. But two Asian companies — Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. — navigated the turmoil with greater agility, underlining a changing of the guard.Most Read from BloombergTrump Offers $1 Million Bond to Appeal Clinton Suit SanctionsFrom China to Big Sky: The Balloon That Unnerved the White HouseThousands Mistake US
Samsung Electronics unveiled its latest premium smartphones with a focus on their powerful cameras on Wednesday, in a test of its brand power as the market for mobiles undergoes unprecedented contraction. Analysts said the Galaxy S23 smartphone series, with its cameras and faster chips than its predecessor, could still face weak demand as consumers spend less amid surging inflation in a struggling global economy. Acknowledging that challenge, the head of Samsung's mobile experience, or MX Business, told reporters in a briefing after the event that there was a "noticeable shift to the premium segment" in developing and emerging markets.