Nvidia and Samsung Settle Patent Litigation--Update

By Austen Hufford 

Nvidia Corp. and Samsung Electronics Co. agreed to settle competing patent lawsuits between the two companies, the companies said Monday.

In the fall of 2014, Nvidia and Samsung filed lawsuits against each other alleging patent infringement and other misconduct.

Nvidia filed suit against Samsung over the use of infringing patents that cover graphics chips. In its own complaint, Samsung alleged that Nvidia infringed upon six patents while falsely advertising that one of its processors was the world's fastest mobile processor, according to Nvidia's regulatory filing at the time.

The agreement will lead to the dismissal of all pending intellectual property lawsuits in U.S. courts, the U.S. International Trade Commission and the U.S. Patent and Trademark Office between the companies. Nvidia had tried to block imports of many of Samsung's best known smartphones.

The settlement includes the cross-licensing of a "small number" of patents but doesn't include a broad patent-portfolio cross-licensing deal or other compensation. Further settlement details aren't being disclosed.

Write to Austen Hufford at [e-mail]

(END) Dow Jones Newswires

May 02, 2016 12:24 ET (16:24 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.