- Apr 12, 2001
Apple and Samsung have reportedly resumed settlement negotiations over their ongoing patent-infringement dispute, according to The Korea Times. A source from the Korean Fair Trade Commission (FTC) told the newspaper that the two companies are in "working level discussion" about a potential deal, adding that Apple and Samsung are attempting to narrow differences over royalty payments.
The report also states that Samsung Mobile CEO Shin Jong-Kyun may fly to the United States to discuss patent issues with Apple CEO Tim Cook early next year. Last year, Cook met with Samsung CEO Choi Gee-Sung to discuss the subject, however, those talks reportedly failed because Samsung would not accept Apple's demand for patent royalties. Both companies also met face-to-face in Seoul earlier this year, but there was said to be "no indication" of an imminent agreement as the discussions failed to progress.Samsung still prefers to sign a comprehensive "cross-licensing" deal, allowing the world's biggest smartphone manufacturer to access all Apple's design-related, some standard-essential and commercial patents; while Apple is asking Samsung to pay over $30 per device for Samsung's patent violations, which Samsung thinks is "too much," said another Samsung official who is familiar with the issue.
Apple and Samsung have been in a long, ongoing legal battle that started in 2011, with the first U.S. trial awarding $1 billion to Apple in 2012. However, a judge voided nearly half of that amount in March, with a jury in the damages retrial last month ruling that Samsung is to pay Apple $290 million for willfully violating multiple patents. A second infringement lawsuit between the two companies will also be held on March 31, 2014, with a separate injunction trial centering around Apple's call for a U.S. ban on Samsung products potentially preceding it.
Article Link: Apple and Samsung Said to Resume Settlement Talks Over Patent Dispute