Samsung and Genesis Microchip Enter Agreement

August 26, 2004 by Jeff Shepard

Genesis Microchip Inc. (San Jose, CA) announced that it has entered into a licensing agreement with Samsung Electronics Co. Ltd. (Seoul, Korea). Under the terms of the agreement, Samsung will receive a license to the Genesis patents that were the subject of Genesis's litigation in the US International Trade Commission (ITC), including the patent that the ITC recently determined was infringed by MStar Semiconductor Inc., Media Reality Technologies Inc. and Trumpion Microelectronics Inc.

"This license agreement enables Samsung to continue importing consumer display products containing Genesis' patented upscaling technology into the United States," said Robert Lensch, Genesis Microchip's vice president of business development. "We are pleased that this agreement will help ensure continued delivery of Samsung products to the consumer."