Troubled chip-making minnow Nanoco launches legal battle against Samsung for allegedly stealing its technology
Troubled chip-making minnow Nanoco has launched a legal battle against Samsung for allegedly stealing its technology.
Nanoco, which is listed on the London Stock Exchange, claims the electronics titan created specialist quantum dots – tiny semiconductor components used to enhance television displays – using Nanoco’s unique patented techniques.
A bad sign: Nanoco claims Samsung created specialist quantum dots using Nanoco’s unique patented techniques
Samsung then put these quantum dots in its new range of high-tech QLED TVs, without entering into a licensing or supply agreement with Nanoco. The firms had previously worked together on developing the quantum dots, but Samsung eventually ended the collaboration.
Nanoco said it was still ‘open to finding a mutually acceptable commercial solution’ with Samsung while it pursued the lawsuit. But if Samsung does not find a way to settle, Nanoco said it would seek a court order to stop its rival using the technology and claim ‘significant monetary damages’.
Shares in Nanoco climbed 0.7 per cent, or 0.15p, to 21.65p. Samsung did not respond to a request for comment.