Samsung Electronics (KRX:005930) subsidiary Samsung Display ended a nearly three-year dispute with China's BOE Technology Group (SHE:000725) over OLED technology infringement, Yonhap News reported Wednesday, citing sources.
The two companies reached a settlement, under which BOE agreed to pay royalties for Samsung's OLED technologies, industry sources reportedly said.
Other terms of the agreement were not disclosed, the report said.
Shares of Samsung Electronics fell more than 1% at market close in South Korea, while shares of BOE Technology slid marginally in Shenzen.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)