As businesses assessed the damage and began digging out, the picture wasn't as gloomy as they might have feared - WSJ, on the tsunami that killed thousands
KOREAN HARDWARE GIANT Samsung has withdrawn its request for an injunction against LG Electronics selling OLED displays in Korea.
Samsung and LG have been rivals for many years and while Samsung's legal battles with Apple have overshadowed the rivalry between the two Korean firms, they have been busy fighting each other in court. In the latest twist to a 18 month saga, Samsung has decided to drop its pursuit of an injunction against LG Electronics over OLED screens.
Samsung claimed that LG Electronics had stolen its company secrets by hiring engineers, infringed some of its OLED patents, and tried to get them invalidated, and it requested an injunction against LG Electronics' OLED displays. Now Samsung has given up on trying to win an injunction against the screens, which would effectively mean an injunction on the devices that use the screens.
Although Samsung has withdrawn its request for an injunction against LG Electronics, the firm is still chasing damages from LG and 11 of its former employees have been indicted on charges of leaking company secrets.
OLED display technology is a key battleground for Samsung and LG, both of which have invested heavily in the technology that is now commonplace in smartphones and tablets. However both firms are starting to push OLED to larger screens and as costs come down, OLED televisions could start to appear. µ
Sign up for INQbot – a weekly roundup of the best from the INQ