Signify ordered by court to recall products infringing on patents, Seoul Semiconductor says

Seoul Semiconductor Co

26/12/2024 07:31

SEOUL, Dec 26 (Reuters) - Signify  LIGHT.AS , the
world's biggest lighting maker, has been ordered by a German
court to recall and destroy some of its products sold since 2017
that are seen infringing on patents of Seoul Semiconductor
 046890.KQ , the South Korean firm said on Thursday. 
    The court in Düsseldorf, Germany, also ruled that a fine of
up to 250,000 euros ($259,925) would be imposed for each
violation of this order, Seoul Semiconductor said in a
statement. 
    The Netherlands-based Signify, spun off from Philips
 PHG.AS  in 2016, did not immediately reply to a request for
comment. 
    Seoul Semiconductor, which has sued multinational companies
over patents, said it uses about 10% of its revenue in research
and development and holds over 18,000 patents in light-emitting
diode technology.    
($1 = 0.9618 euros)

 (Reporting by Joyce Lee; Editing by Muralikumar Anantharaman)
 ((joyce.lee@tr.com;))