SEOUL (Reuters) – Signify, 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, the South Korean firm said on Thursday.
SEOUL (Reuters) – Signify, 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, 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 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)
A patent is a legal right granted to an inventor or assignee for a certain period, giving them exclusive rights to make, use, or sell an invention.
A court ruling is a decision made by a judge or court regarding a legal case, which may include orders or judgments.
A fine is a monetary penalty imposed by a court as punishment for an offense or violation of law.
Research and development (R&D) refers to activities undertaken by companies to innovate and introduce new products or services.
A multinational company is a corporation that operates in multiple countries, managing production or delivering services in more than one nation.
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