View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 28, 2013updated 23 May 2023 8:55am

Samsung sets up new display patent firm in USA

The new Intellectual Keystone Technology (IKT) will focus on acquiring and developing patents

By CBR Staff Writer

Samsung’s display division has established a new firm in the US specialising in trading and development of patents, as part of its efforts to combat intellectual property lawsuits filed by rival companies.

Being set up with an investment of $25m, the new Intellectual Keystone Technology (IKT) company would completely focus on acquiring and developing patents.

Samsung spokesman was cited by the Korea Times as saying that the company has 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,” spokesperson said.

According to reports, IKT is targeted at display technologies rather than directly settling scores with Apple on design and software patents.

The new patent firm acquired display-related patents earlier owned by Japan’s Seiko Epson on 30 April 2013, including patents related to LCD- and OLED, which are used in smartphones, tablets and televisions.

These patents would support the company’s plan to bolster its OLED business.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Recently, the South Korean firm has acquired 10% stake in handset maker, Pantech, for $47.6m, as part of investments to support its mobile business.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.