LED industry rivals Cree (CREE) and SemiLEDs (LEDS) have agreed to settle their patent...

|By:, SA News Editor

LED industry rivals Cree (CREE) and SemiLEDs (LEDS) have agreed to settle their patent infringement suits against each other. The settlement is in Cree's favor: SemiLEDs has agreed to an injunction effective Oct. 1 that will prohibit the U.S. import and sale of SemiLEDs products deemed by Cree to be infringing on its patents, and has "made a one-time payment to Cree for past damages."