A report from Korea Times states that Samsung had invested $25 million to open its first US-based patent business in the United States. The South Korean giant made an investment to launch Intellectual Keystone Technology (IKT) in Washington, D.C. in a move to ramp up its patent efforts with owing 100 percent of IKT.
“Samsung recently established IKT. Patents are a good source of innovation and we also need to protect our intellectual property by strengthening our patent-related business.” said the company spokesman. “IKT bought display-related patents previously owned by Japan’s Seiko Epson on April 30 with sharing no details further.”
While the publication’s industry source said, “Samsung is eager to buy patents in LCD and OLED technologies as they have undisputable leverage in the display business and that’s the area that can generate revenue regardless of market situations.”