Samsung is facing a new lawsuit pertaining to the use of its Quantum Dot Display technology. The lawsuit comes from the British nanotechnology company, Nanoco. According to the company, Samsung and its affiliates have infringed on its patents relating to Quantum Dots. According to Reuters, Nanoco is looking to obtain a permanent injunction against Samsung. After all, the company has “willfully infringed the company’s patents and seeks a permanent injunction from further acts of infringement and significant monetary damages.”
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“Historically the group worked collaboratively with Samsung on developing enhanced quantum dots based on our unique and patented CFQD Quantum Dot technology and associated IP,” said Nanoco’s Chairman Christopher Richards. “We were therefore naturally disappointed when Samsung ended the collaboration and launched its QD [Quantum Dot] based televisions without entering into either a licensing or supply agreement with Nanoco.”
Currently, Samsung QLEDs displays are a vital part of the company’s TV market. Samsung reportedly sold over 5.9 million QLED TVs in 2019 alone. If the case advances, the lawsuit could turn out to be very expensive for the companies. As a result, it can potentially cost millions, if not billions in lost revenue. In conclusion, Samsung is yet to give an official response to Nanoco or to express its defense. Moreover, the situation can change in the future if both companies find an agreement.