SemiLEDs and Cree End Patent Litigation ‎

SemiLEDs Corporation, a developer and manufacturer of LED chips and LED components, announces that SemiLEDs and Cree, Inc. have agreed to end their respective patent infringement litigation against each other. As part of the settlement, SemiLEDs agreed to make a one-time payment to Cree for past damages and to an injunction, effective October 1, 2012, to stop the importation and sale of SemiLEDs' accused products in the United States. The parties have agreed to withdraw the remaining claims without prejudice to the right to assert their respective claims in the future.
"The conclusion of the disputes between SemiLEDs and Cree will allow us to now focus our full resources on developing our business and serving our customers. We continue to innovate and are introducing to the market an exciting, new line of LED products," said Adam Lin, VP of Business Development and General Counsel of SemiLEDs Corporation